The plant, which is located on 5ha in the My Phuoc Industrial Park No 3in Binh Duong’s Ben Cat district, will be operated by Kubota Vietnam CoLtd, a subsidiary of the Japanese group.
Kubota Vietnam is a joint venture between the Kubota group and the Siam Kubota Industry Ltd of Thailand .
Total investment in the first stage of the plant, which willmanufacture tractors, combined harvesters and related components, isestimated at 11.37 million USD.
The plant is designed to turn out some 5,000 tractors, each of 30 to50HP, and 1,000 combined harvesters per year in the first stage. Thiswill increase to 15,000 tractors and 2,000 combined harvesters in thefuture, according to the company.
Speaking at the opening ceremony, Deputy Minister of Agriculture andRural Development Diep Kinh Tan said the Kubota plant would widen thesupply base of farming tools in Vietnam , save energy, enhanceproductivity and increase agricultural production.
“It will also enhance the capacity of Vietnamese farmers and technicians to use modern farming tools,” he said.
Tan said Vietnam had recorded a mechanisation level of 1.16 HP perhectare of cultivated land, with the Mekong Delta at 1.85 HP/ha; theRed River Delta at 0.85 HP/ha and the northern mountainous region at0.39 HP/ha of cultivated land.
The country now has some 400,000 tractors used in agricultural,forestry and fishery production, 98.4 percent of them, with a totalpower of 4.5 million HP, in agriculture.
He added that locally made engines and tools had a 40 percent share inthe local market, with the remaining imported from Belarus , China andJapan./.