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BW Industrial Development offering favorable production sites

Released at: 14:17, 26/08/2019

BW Industrial Development offering favorable production sites

Photo: BW

Joint venture provides build-to-suit / ready-built factories and logistics warehouses for-rent in key industrial parks around Vietnam.

by Doanh Doanh

In anticipation of new FDI streams into Vietnam, the joint venture BW Industrial Development JSC (BW) was established by global equity fund Warburg Pincus and local partner Becamex IDC with initial capital of $200 million, to provide build-to-suit / ready-built factories for rent and logistics warehouses for-rent in many key industrial parks around the country.

BW provides investors with various solutions for a manufacturing site. Its ready-built factories are flexible in size (from 1,000 to over 10,000 sq m), helping investors to quickly set up production, while build-to-suit factories are tailor-made to fit companies’ business plan and budget and also balance design and functional elements.

According to Mr. Hiroaki Okamoto, CEO of Generation Pass (Genepa), one of the largest woodwork manufacturers in Japan, BW’s leasing rates at the Bau Bang Industrial Park (IP) in southern Binh Duong province, are very competitive and the IP’s compelling infrastructure makes it very convenient for them to meet business partners and customers in the province, which is an industrial development hub nearby Ho Chi Minh City.

The reason why a manufacturing leader like Genepa chose the Bau Bang IP is because they have trust in BW thanks to its reliable shareholder background as well as dedicated customer service with a range of support for tenants, from licensing to actual operations.

“When choosing a manufacturing site for rent, the first thing we need is flexibility and stability,” said Mr. Alexander Christopher Falter, Vietnam Managing Director of Ecco, a famous Danish shoe maker. “And then, of course, having a competitive price, good maintenance, punctual service, and a safe working environment. We visited a great many IPs in southern Vietnam before visiting Bau Bang, where we found ready-built factories with modern and contemporary designs that perfectly fit our requirements. In particular, with their active support it only took four months from the date we received our business license until we officially began production.”

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