On May 13, 2025, Advanced Materials Zili Vietnam Co., Ltd., a subsidiary of Zili Group - Singapore officially signed a land lease agreement to establish a refractory material manufacturing plant at IDICO Phu My II Industrial Park (IP) in Ba Ria – Vung Tau province.
Despite persistent uncertainties in the global economy, IDICO continues to record tangible results in investment attraction. Following the successful onboarding of Topsun to IDICO Phu My II Industrial Park in April, we are pleased to announce further expansion in May, welcoming Zili – a Singaporean investor to IDICO industrial ecosystem consisting 14 industrial parks nationwide.

This marks a significant milestone for Zili, paving the way to realize a Corundum refractory material production project, a breakthrough solution for high-temperature applications, known for its exceptional durability and superior refractory performance.

The project has an investment capital of USD 35 million and is expected to supply 40,000 tons of products per year to the Asia - Europe export market upon its completion.
With its strategic location that directly connect to the Cai Mep - Thi Vai mega-port in Ba Ria - Vung Tau province, IDICO Phu My II Industrial Park is honored to be the prime choice for Zili as a key location for establishing and expanding their manufacturing footprint in Southeast Asia. Guided by our philosophy of "Harmony for a sustainable future," IDICO is steadfast in our commitment to accompany Zili Vietnam on their investment and sustainable growth journey within the Vietnamese market.

About IDICO Phu My II Industrial Park:
Strategically located adjacent to the Cai Mep – Thi Vai deep-water port cluster—Vietnam’s premier international maritime gateway—IDICO Phu My II IP is an ideal hub for heavy industries. It is already home to several multinational corporations such as POSCO and Tung Ho, etc. and was recently selected by Highland as the site for its first coffee roasting plant in Vietnam.
About IDICO Corporation:
IDICO is not just a developer of industrial parks; we aim to build a sustainable and integrated industrial ecosystem, fostering a tightly connected and mutually supportive investment environment based on four strategic pillars: Industrial Park Real Estate (IP RE), Energy, Commercial & Residential Real Estate, and IP Support Services. With over 25 years of experience in Vietnam, the IDICO team is dedicated to accompanying investors, pursuing a philosophy of sustainable and harmonious development, and sharing value with all stakeholders.
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