A bus assembly line of the Truong Hai Automobile Company (Thaco) (Photo: VNA)Quang Nam (VNA) - Carmaker Truong Hai Automobile Company (Thaco) has opened a new bus plant in the Chu Lai-Truong HaiIndustrial Complex in Quang Nam province.
In conjunction with the Republic of Korea’s Hyundai Motors, it will make 20,000buses and minibuses a year from 2018, mostly for export to ASEAN countries.
Deputy Director ofThaco Pham Van Tai said the 17ha plant, which was built at a cost of 7 trillionVND (310 million USD), would supply high-quality vehicles. He said the newplant, built using 60 percent Vietnamese-made components, would produce enginesmeeting Euro 4 Emission Standards.
"We have increased the localisation ratio to produce goodquality and competitively priced vehicles to take advantage of the zero taxbeing introduced throughout the ASEAN region next year,” Tai said.
He said the company had developed a supporting industry zone with 24 plantsproducing spare parts and accessories for local use and export.
Thaco has also built a research and development centre at the new bus plant aswell as an automatic welding line and power coating for painting vehicles.
In 2010, Thaco invested 44 million USD in building the first plant to make45-seat buses with a capacity of 5,000 vehicles per year.-VNA
In conjunction with the Republic of Korea’s Hyundai Motors, it will make 20,000buses and minibuses a year from 2018, mostly for export to ASEAN countries.
Deputy Director ofThaco Pham Van Tai said the 17ha plant, which was built at a cost of 7 trillionVND (310 million USD), would supply high-quality vehicles. He said the newplant, built using 60 percent Vietnamese-made components, would produce enginesmeeting Euro 4 Emission Standards.
"We have increased the localisation ratio to produce goodquality and competitively priced vehicles to take advantage of the zero taxbeing introduced throughout the ASEAN region next year,” Tai said.
He said the company had developed a supporting industry zone with 24 plantsproducing spare parts and accessories for local use and export.
Thaco has also built a research and development centre at the new bus plant aswell as an automatic welding line and power coating for painting vehicles.
In 2010, Thaco invested 44 million USD in building the first plant to make45-seat buses with a capacity of 5,000 vehicles per year.-VNA
VNA
