tesa lays the foundation for a new plant in Vietnam
Group invests 55 million Euro – Completion 2023 Haiphong. tesa is growing: The company has laid the foundation stone for a new plant in the Vietnamese port city of Haiphong. On approx. 70,000 m2, tesa will create new production capacities for Asia, one of the fastest growing markets. 40 million square metres of adhesive tape will be produced here every year. The company will expand its local presence and shorten the routes to customers and suppliers.
In the first phase, there will be about 140 employees working at the plant. The groundbreaking ceremony began with a traditional Buddhist ritual. Dr. Norman Goldberg, CEO of tesa SE, took part in the event virtually. He expressed his thanks not only to the tesa team, but also to the authorities in Haiphong and to the German ambassador, Dr. Guido Hildner, for their great support.
"The laying of this foundation stone is an important milestone for tesa: The Asian adhesive tape market is experiencing very dynamic development, which we will take advantage of," explains Goldberg. "The fact that tesa is making an investment of approx. 55 million Euro in times of Covid-19 sets a strong signal from the shareholders for the future."
"Access to markets, fast and flexible delivery to customers as well as the development of local raw materials are important factors in international competition," explains Stefan Schmidt, Head of tesa Supply Chain and Operation, responsible for logistics and production at tesa worldwide. All these requirements are fulfilled by the additional capacities created on site.
tesa currently operates 14 production sites worldwide, including large plants in Germany (Hamburg, Offenburg), Italy, USA, and China. The plant in Suzhou, China, has been operating since 2005. From Suzhou, tesa supplies, among others, high-tech tapes for electronic devices, for example to bond components and displays in mobile phones and tablets.
Ever more major tesa customers are settling in Vietnam, for example from the electronics and automotive industries. Already in the first quarter of 2020, the country managed to increase economic growth by 3.8% despite the global pandemic crisis. Growth of 6.5% is expected for 2022.
About tesa SE
As a multinational company, tesa develops innovative adhesive tapes and self-adhesive system solutions for various industries, commercial customers, and end consumers. The age of technical adhesive tapes began 125 years ago, currently, there are already more than 7000 tesa adhesive solutions that help improve the work, products or lives of our customers. Today, the focus is on sustainability and energy-saving processes. tesa invests in the development of environmentally friendly products and solvent-free manufacture processes as well as in the use of renewable energy sources at its locations.
tesa is present in 100 countries and operates plants in Germany, Italy, China, the USA, and soon also in Vietnam. Around three quarters of the tesa Group's sales (2020: EUR 1,326 million) are generated by applications for industries. Together with its international clients, tesa develops innovations that are customized at product and process level. Already more than 130 tesa tapes may be installed in an electric car and over 70 in a smartphone. In the printing and construction industries, too, tesa is constantly penetrating new segments and countries with its special adhesive tapes. The company generates almost one quarter of its sales with products for end consumers and professional craftsmen. 300 applications, such as the legendary tesafilm®, make life easier or, when it comes to insect protection, even make it a bit more pleasant. tesa is one of the world's leading manufacturers of adhesive solutions. Since 2001, tesa SE is an independent 100% affiliate of Beiersdorf AG (i.e., NIVEA, Eucerin, la prairie) with around 4,800 employees today.
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