ISA TanTec is setting up a second tannery in Vietnam following increased leather demand from the company’s customers.
ISA TanTec has signed a land purchase agreement with an Industrial Park for this purpose.
The new tannery, TransAsia TanTec, will be built on a 60,000-square-meter site, located in the Tay Ninh Province, with a close geographical proximity to its existing tannery, Saigon TanTec, and also to Saigon, the business hub in Vietnam.
It will be the fifth tannery of the group.
“The setup of the new tannery will be mirroring the already successful site in Saigon. The replication of the tannery will enable the realization of synergies, and has benchmark options including but not limited to the possibility of shared service between both tanneries,” said Uwe Hutzler, CEO of ISA TanTec.
“Our experiences in Vietnam are outstanding, and we decided for this location to bridge the gap of three to five years before new regions might be attractive and stable enough for the tanning industry” added Thomas Schneider, executive chairman of ISA TanTec.
