$35 million factory to make automobile parts

Friday, Aug 09, 2013 10:38

HA NOI (Biz Hub)— The Yazaki Hai Phong-Viet Nam Co Ltd recently received an investment license to build a factory to manufacture spare parts for automobiles in northern Quang Ninh Province.

The US$35 million factory will be located on a 70,000 -sq.m plot of land in the province's Dong Mai industrial zone.

Construction of the plant is expected to be completed in August 2014.

Once in operation, the factory will generate jobs for about 3,000 workers.

The Yazaki group occupies one third of the global market in the car wiring sub-sector.—VNS

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