SAKAI MINA ASIA CO., LTD. EXPANDS MANUFACTURING OPERATIONS IN VIETNAM WITH LONG-TERM LEASE AGREEMENT AT KIZUNA
March 3, 2025 – Today marked a significant milestone in the development journey of SAKAI MINA ASIA CO., LTD. in Vietnam with the official signing ceremony for a Long-Term Workshop Lease Agreement and workshop handover conducted with Kizuna JV Corporation. This event not only underscores the long-term commitment of the Japanese enterprise to the plastic packaging manufacturing sector in Vietnam but also serves as strong testament to the enduring partnership between the two companies.
SAKAI MINA ASIA CO., LTD – Continuing a Legacy of Over a Century
SAKAI MINA ASIA CO., LTD. is a subsidiary of the Sakai Chemical Industry Co., Ltd. Group, an esteemed enterprise with a history spanning over 100 years in Japan. Throughout its extensive history, the Sakai Group has consistently focused on application development, product innovation, and business expansion across diverse sectors, including foam cushioning materials and plastic cardboard, adapting adeptly to evolving market trends.
Established in 2023 as the group's inaugural manufacturing facility in Vietnam, SAKAI MINA ASIA CO., LTD. began operations modestly within a 657 m² space. Within just two years, the company rapidly solidified its position within the plastic packaging industry. Consequently, the enterprise has made the strategic decision to nearly triple its production scale, increasing its total workshop area to 1,821 m² under a long-term lease commitment – a clear demonstration of its confidence in the Vietnamese market's growth potential.
The Long-Term Workshop Lease Agreement Signing and Handover Ceremony – Ushering in a New Chapter of Development
The signing and handover ceremony proceeded in a formal and cordial atmosphere, attended by senior representatives from both SAKAI MINA ASIA CO., LTD. and Kizuna JV Corporation.
Speaking at the event, Mr. Truong Nhan The, Business Director of Kizuna JV Corporation, expressed his enthusiasm regarding SAKAI MINA ASIA CO., LTD.'s expansion: "We are extremely proud to witness the rapid development of SAKAI MINA ASIA CO., LTD. within the Kizuna Serviced Factory Area. Their decision to expand operations and commit to a long-term lease not only reflects their confidence in Vietnam's investment climate but also affirms the quality of infrastructure and services provided by Kizuna JV. We extend our best wishes for SAKAI MINA ASIA's continued robust growth and assure them of our unwavering partnership and support throughout their tenure here."
Choosing Kizuna – A Strategic Decision for Sustainable Development
Mr. TSURUGA RYO, Director of SAKAI MINA ASIA CO., LTD., elaborated on the decision: "After operating at the Kizuna Serviced Factory Area for two years, we meticulously evaluated the options of leasing land for self-construction versus securing a long-term lease. Following a comprehensive assessment, we opted for the long-term lease at Kizuna. This solution enables us to achieve estimated savings of up to 41% on initial investment and operational expenditures, while also reducing the project implementation timeline by 1-2 years compared to the self-build alternative. The secure environment and efficient support system provided by Kizuna were pivotal factors in our expansion decision. Kizuna's 3-layer security system (perimeter fencing, CCTV surveillance, and security personnel) ensures absolute operational peace of mind. Furthermore, the Kizuna JV team consistently provides prompt support on matters ranging from infrastructure to administrative procedures, enabling us to concentrate fully on our core manufacturing and business activities. We are confident that, with Kizuna's support, SAKAI MINA ASIA CO., LTD. will continue its strong growth trajectory."
The workshop facility at Kizuna 2 features standard fire protection systems, insulated roofing, and natural ventilation. Its modern design is seamlessly integrated with the industrial park's infrastructure and complemented by a comprehensive ecosystem of support services – essential elements that guarantee a safe and efficient operational environment.
Future Vision – Strong Growth and Contribution to the Local Economy
With this significant expansion, SAKAI MINA ASIA CO., LTD. has established ambitious goals for the future. The company intends to increase its investment capital in Long An province from USD 2,280,000 to USD 4,480,000 and plans a sixfold expansion of its workforce compared to current levels. This development is not only beneficial for the company but also promises substantial contributions to the local socio-economic landscape through significant job creation and increased contributions to the provincial budget.
The expansion by SAKAI MINA ASIA CO., LTD. also reflects a broader trend of increasing investment by Japanese enterprises in Vietnam, particularly within the supporting industries sector. Leveraging the technological expertise and century-long experience of its parent company, SAKAI MINA ASIA CO., LTD. is well-positioned to supply high-quality plastic packaging products to meet the escalating demands of both domestic and international markets.
Kizuna JV – A Trusted Partner for FDI Enterprises in Vietnam
The successful workshop handover between SAKAI MINA ASIA CO., LTD. and Kizuna JV further solidifies Kizuna JV's reputation as a dependable partner for Foreign Direct Investment (FDI) enterprises in Vietnam, with a particular focus on Japanese companies. Offering state-of-the-art infrastructure, comprehensive support services, and a secure investment environment, Kizuna JV remains an optimal destination for international businesses aiming to establish or expand their manufacturing presence in Vietnam.
Companies interested in exploring Kizuna JV's serviced workshop solutions are encouraged to contact us for a detailed consultation tailored to specific business requirements.
Contact Information:
LE HOANG VINH PHU | Deputy Business Director
Phone : 0913 716 728
Email : phu.lhv@kizuna.vn