Construction on a 24.6-million USD auto parts factory is under-way in the northern Thai Binh province’s Tien Hai Industrial Zone with completion expected in July 2019.
(Photo: baodautu.vn)
Thai Binh (VNA) - Construction on a24.6-million USD auto parts factory is under-way in the northern Thai Binh province’sTien Hai Industrial Zone with completion expected in July 2019.
Financed by the Japanese Toyoda Gosei Group, the11.3ha-factory will manufacture airbags and leather steering wheels which willbe mainly exported to Japan, the US and Europe. Work on the factory kicked offearly this month.
Once operational, the factory is expected tocreate about 1,500 local jobs. The company said it believes thatthe project will contribute to accelerating the development of Thai Binh provinceas it will create more jobs for local people and improve their skills.
Established in 1949 and headquartered in Kiyosu,Japan, Toyoda Gosei is a leading manufacturer of rubber and plastic automotiveparts and LEDs. Today, the group provides a variety of high-quality productsinternationally, with a network of some 100 plants and offices in 18 countriesand regions.-VNA
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