Investors and representatives from Saigon Hi-tech Park pose for a photo after the ceremony. — Photo congthuong.vn
Duc Thanh Investment and Technology Joint Stock Company on Friday received an investment licence from the Saigon Hi-tech Park in HCM City for a high-tech factory to produce building materials.
The company has invested more than VND269 billion (US$11.8 million) in a production line to make unbaked bricks with fully automated transportation, loading and unloading and packing using robots.
It will recycle products from coal ash to reduce pollution.
The factory is expected to become operational in the first quarter of next year.
Nguyen Quoc Huy, chairman of the company, said the plant would produce eco-building materials to replace imports.
On the same day Misan Electronics Co Ltd also received the certificate for a plant that will produce components for electronic devices for companies in the Hi-tech Park.
The total investment of the project is $1.1 million. — VNS