Binh Duong to launch $42 million plant

Saturday, Jul 22, 2017 07:36

The launching ceremony of a $42 million production plant in Binh Duong province. — VNA Photo Hai Au

TRP Viet Nam Company Limited officially launched its production plant of automotive parts, heating pads and plastic materials with a capital investment of over US$42 million at Viet Nam - Singapore Industrial Park II in the southern province of Binh Duong on Friday.

This is the fifth TPR Viet Nam factory in Binh Duong, specialising in the manufacture of automotive parts, heating pads and plastic utensils.

The plant is designed to produce 2.6 million automotive part units, 120,000 heating pads and 30,000 plastic products per month.

Tran Thanh Liem, chairman of Binh Duong People’s Committee, hoped that TRP Viet Nam would provide high-quality and competitive products in order to promote Viet Nam’s automobile industry and develop advanced household appliances.

Binh Duong Province authorities will strive to improve the investment environment and upgrade the infrastructure in order to develop the economy and promote investment for the province, Liem added.

In the first six months of this year, Binh Duong has attracted nearly $1.73 billion, reaching 123 per cent of the year plan.

In addition, the province has 2,946 foreign investment projects with a total investment of over $27.4 billion, ranking second in the country, following HCM City.

TRP Viet Nam, established in 2006 in Binh Duong province, is a Japan’s company operating in the fields of manufacturing piston rings and cylinder liners. — VNS

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