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Nissin Manufacturing Viet Nam in Hoa Binh Province.— Photo Nissin Vietnam
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HANOI (Biz Hub) — Japan's Nissin Manufacturing Vietnam Company Ltd on March 14 inaugurated its US$75 million factory that will manufacture automobile and motorcycle spare parts in the northwestern province of Hoa Binh.
The factory is currently designed to provide Honda and Yamaha with 23 million motorbike spare parts in the local market annually. Meanwhile, according to the Hoa Binh media, the factory plans to earn an annual revenue of $28.2 million and hire 242 local employees.
Located in the Luong Son Industrial Park, it is the first factory that Nissin Manufacturing Company Ltd has opened in Viet Nam. Ever since the company was set up in Kyoto, Japan, in 1946, it has opened factories in Mexico, China, Thailand and Indonesia.—VNS