Hyundai Thanh Cong 2 automobile plant breaks ground in Ninh Binh. (Photo: VNA)Ninh Binh (VNA) – Thanh Cong Group and HyundaiMotor co-held a ground-breaking ceremony for an automobile manufacturingfacility which has designed capacity of 100,000 units per year, in thenorthern province of Ninh Binh on September 20.
The new Hyundai Thanh Cong 2 plant (HTMV 2) will raise Hyundai’stotal automobile output in Vietnam to 170,000 units per year once it is putinto operation.
The facility is constructed on a ground of 50 hectares atGian Kham Industrial Park in Gia Vien district at an estimated cost of 3.2 trillionVND (over 138 million USD).
The first phase of the project is expected to complete inJune 2022, and the second in June 2025.
The factory will use green energy as well asenvironmentally-friendly technology for auto manufacturing that allows itsproducts to reach European emission standards Euro 5.0 and Euro 6.0.
Speaking at the event, Director-General of Thanh Cong GroupLe Ngoc Duc said Hyundai Thanh Cong 2 is expected to help boost Ninh Binh’s socio-economicgrowth and strongly develop the country’s automotive industry.
Chairman of the provincial People’s Committee Dinh Van Dien,meanwhile, pledged to provide all possible conditions for the group to completethe project./.
VNA
