On August 25, Yen Bai Provincial Electronic Information Portal reported that the Provincial People's Committee has just issued a decision approving the investment policy.
At the same time, the investor of the project to invest in building a facility to produce cinnamon products was approved, Yen Bai Spices Joint Stock Company, with a total investment capital of 22 billion VND.
Accordingly, the Project is located in Mau Dong commune, Van Yen district, Yen Bai province with an expected land area of 9,380 m2.
Construction scale includes: production house, main warehouse, warehouse 1, warehouse 2, material storage house, operator house, worker housing, garage and other auxiliary items.
Designed capacity of specific service products: peeled cinnamon: 1,200 tons/year, dried cinnamon tube: 1,500 tons/year, cinnamon chips: 500 tons/year, cinnamon powder: 600 tons/year.
The project's operating period is 50 years from August 22, 2024.
The project is expected to start construction in March 2025 and be operational in March 2026.
Source: https://laodong.vn/doanh-nghiep-doanh-nhan/yen-bai-sap-co-co-so-che-bien-que-22-ti-dong-1384572.ldo
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