New Nissan plant to open in Da Nang

Saturday, Aug 13, 2016 08:07

Workers manufacture at Nissan Sunny factory. The plant produces over 6,500 Nissan sedan models per year. — VNS Photos Cong Thanh
DA NANG (Biz Hub) — TCIE Viet Nam Co. Ltd will operate a new plant of van and truck in Hoa Khanh industrial zone factory from 2017 with total investment of US$15 million.

It is the second plant that TCIE Viet Nam, a member of Malaysia's Tan Chong Motor Group, has invested in the central city after the first locally-assembled Nissan Sunny cars plant was put into operation in 2013 with total investment of $40 million.

As planned, the new automobile plant will produce 500 Nissan vans and 2,000 Nissan trucks per year.

The factory is the first and only Nissan Sunny assembly plant in central Viet Nam, with an annual capacity of 6,500 Nissan Sunny sedan models.

According to TCiE, the Nissan Sunny XL Manual Transmission model accounted for 60 per cent of sales in 2015.

TCiE also announced that Ho Wah Juan is the newly appointed chairman and began managing the Da Nang-based automobile plant in 2015.

The central city also hosted an investment promotion in Malaysia last month to call for investors in fields of automobile electronic equipment, solar power cell, tourism, and food processing, in addition to industrial parks.

Malaysia is the eighth biggest investor in Da Nang with 13 foreign direct investment projects worth $102 million, which is just 3 per cent of total FDI projects in the city. — VNS

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