On November 8, 2024, at Phu My 3 Specialized Industrial Park, Ba Ria - Vung Tau Province, Tosoh Corporation and Tosoh Vietnam Polyurethane Co., Ltd. held a groundbreaking ceremony for the TVP Project. This is Tosoh’s first chemical manufacturing facility in Vietnam, covering 12 hectares with a total investment of VND 4,230 billion. The plant will produce basic chemical products, including MDI—a key chemical for various industries—with an annual capacity of up to 125,000 tons.

The project employs modern and environmentally friendly technology, marking a significant milestone in Tosoh’s expansion strategy in Southeast Asia and supporting the modernization of Vietnam’s chemical industry. With over 80 years of development, Tosoh Corporation is renowned for its innovations in chemical technology across sectors such as chemicals and petrochemicals, automotive, consumer electronics, and biotechnology.

Phu My 3 Specialized Industrial Park is honored to be selected as the destination for this project. With its strategic location near deep-water ports and advanced infrastructure, Phu My 3 has become an ideal destination for major investors. The TVP Project is expected to contribute to Tosoh’s global production value chain, creating hundreds of new job opportunities and driving economic and social development in the province.

Phu My 3 Specialized Industrial Park looks forward to continued close collaboration with Tosoh and other investors, striving to enhance our services to meet the development needs of strategic partners in the future.

Once again, we congratulate Tosoh Vietnam Polyurethane Co., Ltd. and wish the project tremendous success, contributing to the robust growth of the chemical industry in Vietnam and the region.