HA NAM (Biz Hub) — The Nippon Thermostat Vietnam Company opened its factory in the Dong Van II Industrial Park in the northern province of Ha Nam last Friday.

The US$5.5 million factory, 100 per cent Japanese capital, specialises in manufacturing and assembling thermal relays used in automobiles and motorbikes.

It is the Nippon Thermostat Company's third factory overseas, after one in India and another in the US. It has an annual output of one million products.

Speaking at the opening ceremony, Yoshiyuki Onishi, General Director of the Nippon Thermostat Company, promised the factory would take care of environmental issues during its operation and contribute to local development.

Mai Tien Dung, Secretary of Ha Nam provincial Party Committee, affirmed that the province always welcomes and gives priority to Japanese investors, especially small- and medium-size enterprises. — VNS