This is the first plant of Ariston Thermo in Viet Nam. — Photo baotintuc.vn

BAC NINH (Biz Hub)  — Ariston Thermo, Italian heating and water heating manufacturer, opened a new manufacturing plant in Tien Son Industrial Park of Bac Ninh Province.

This is the company's first plant in Viet Nam and the second-largest in Asia. Covering an area of over 50,000sq.m, the plant, set up with an investment of US$18 million, will employ about 300 people and produce up to 1,000,000 electric water heaters per year.

"With today's opening, we strengthen our production capacity within the countries of Southeast Asia, an area of strong growth in which Viet Nam is the focus of our development strategy," said Chairman of Ariston Thermo Paolo Merloni.

With the new plant, Ariston Thermo has set a goal expanding its business in the local market and in other countries of Southeast Asia. — VNS