Japan’s Ohtsuka Sangyo Material Viet Nam Company Limited officially launched its US$4.4 million car chair components factory in Ha Nam’s Dong Van III Industrial Park on October 5. — Photo baohanam.com.vn
Japan’s Ohtsuka Sangyo Material Viet Nam Company Limited officially launched its US$4.4 million car chair components factory in Ha Nam’s Dong Van III Industrial Park on October 5.
The factory specialises in manufacturing, producing and assembling seat pads and seat trim covers for cars. The plant is expected to manufacture six million products per year and to provide some 200 jobs.
Otsuka Keiichiro, president of Ohtsuka Sangyo Material Japan Company Limited, said the company has a history of operating over 30 years in the automotive auxiliary field and currently holds 70 per cent of the market share in Japan. The prroducts made in Viet Nam will be exported to Japan and North America.
Nguyen Xuan Dong, chairman of the Provincial People’s Committee, asked the firm to comply with Viet Nam’s laws and to ensure its workers well being.
Dong Van III Industrial Park has a favorable location, with preferential policies and technical infrastructure to attract Japanese investors. The new factory is the second Japanese investment in the park. — VNS