The Viet Nam Tokai company opens a plant to make plastic and rubber spare parts and accessories for automobiles at the central city's Hoa Cam Industrial Zone.—VNS Photo

DA NANG (Biz Hub) — The Viet Nam Tokai company has opened a plant to make plastic and rubber spare parts and accessories for automobiles at the central city's Hoa Cam Industrial Zone.

The plant, which covers an area of 45,000sq m, with a total investment of US$10 million, will provide accessories for car makers in Viet Nam and the Southeast Asian region.

It's the sixth plant of Tokyo-based Tokai Kogyo in the world and the third in Southeast Asia, after Thailand and Indonesia.

"We are honoured to put the plant into operation today after one year of construction. In the first stage, we will produce plastic and rubber spare parts before making electronic components for automobiles," general director of Viet Nam Tokai company Isao Takahashi said at the opening ceremony yesterday.

The city has 62 investment projects from Japan worth $344 million – the fifth biggest investment of the city's total foreign investment capital of $3.6 billion. — VNS