Olmix General Director Herve Balusson unveiled the decision at a recent working session with provincial leaders.
The facility is designed to churn out between 5,000-10,000 tonnes of products per year for domestic use and export. In the next stage, the company will establish a research centre in the locality, he said.
The provincial leaders welcomed the company’s plan and said the project conforms to Binh Duong’s high-tech agriculture development orientations.
They also pledged to create favourable conditions for the investor to carry out their project efficiently.
Founded in 1995, Olmix is operating in more than 60 countries and territories worldwide. This is the company’s first project in Binh Duong province.