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Joint Venture to Make Cleaning Products in Cuba |
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Monday, August 20, 2018
Havana.- The Mariel Special Development Zone (ZEDM, in Spanish), in western Cuba, will host a joint venture that will produce detergents.
The firm, called Suchel TBV S.A. will meet more than 90 percent of Cuba's demand for such products, thus contributing to reducing imports.
The alliance was established between the Cuban mercantile society Industrias Nexus S.A. and the Vietnamese Thai Binh Detergent Joint-Stock Company.
The plant, which is scheduled to be built over a period of 24 months, will have an annual production capacity of 50,000 tons of detergents for domestic and industrial use.
The initial investment is estimated at 17 million dollars, with a view to installing an industry that will be equipped with modern technology and automatic control systems.
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