Marquardt to build auto parts factory in Da Nang

Thursday, Jun 30, 2016 14:17

Representatives of Marquardt Group and Da Nang City at the meeting. — Photo

HA NOI (Biz Hub) — Marquardt Group of Germany expects to invest US$35-50 million to build an auto parts manufacturing factory in central Da Nang City.

The information was released by Vice President Asia at Marquardt Group, Peter Schaumann, during a meeting with Da Nang authorities on June 28.

Construction of the plant will be carried out over two to three years and employ some 600 workers, 200 of them being engineers and high-end technicians.

Deputy Chairman of Da Nang municipal People's Committee Tran Van Mien said the city had sufficient infrastructure, such as industrial parks and high-tech zones, which have been systematically developed and is prepared to receive new investors.

Mien noted that Da Nang has always opened its door to large business groups, especially investors from Germany.

Earlier, the Marquardt Group worked with representatives of local departments to discuss future issues related to the proposed auto parts factory. — VNS

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