• USD 13 million for modernising and expanding production
• Employment for over 3,000 people
• Expert advice in implementing international standards

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is investing in a market with potential: Vietnam. It is providing the European Plastic Window Joint Stock Company (Eurowindow) with a long-term loan of USD 13 million. This will allow the company to modernise its machinery and expand its production areas. In this way, Eurowindow will be creating new jobs while at the same time investing in the implementation of international environmental and production standards. In addition, DEG will support Eurowindow in setting up training programs.

At the signing of the contract in Hanoi, Dr. Hubertus Pleister, Director Corporates Asia at DEG, stressed: "With this financing project, we are enabling Vietnamese companies to continue their growth course. German companies also stand to benefit from this, given that Eurowindow markets German brands such as Kömmerling and Schüco in addition to its own products." Mr. Nguyen Canh Hong, CEO from Eurowindow emphasised another: "For us, DEG is also an important partner when it comes to implementing international standards, for example environmental management and work safety."

Eurowindow employs around 3,000 people, with 100 new jobs to be created as a result of the investment. The company is Vietnam’s leading producer of PVC products, aluminium and wooden windows and doors. It has its own distribution network with over 30 exhibition rooms and also offers assembly and after-sales services for its products.

The construction sector in Vietnam is currently enjoying a marked upswing with rising demand, particularly for high-quality components. Eurowindow subjects its products to ongoing quality control and constantly enhances them – due in part to ties with German companies – as well as offering further training for its staff.

As part of its Business Support Services, DEG will also be assisting the company in the introduction of an Occupational Health & Safety system in accordance with the international OHSAS 18001 standard and the FSC Chain of Custody certification for sustainable wood processing.

This investment is a prime example of DEG’s involvement in future markets. In financial year 2015, DEG – a subsidiary of the KfW Banking Group – provided EUR 566 million for investments in Africa and other future markets.