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Bình Dương to launch $42 million plant

Update: July, 21/2017 - 20:00
The launching ceremony of a $42 million production plant in Bình Dương province. — VNA Photo Hải Âu
Viet Nam News

HÀ NỘI — TRP Việt Nam Company Limited officially launched its production plant of automotive parts, heating pads and plastic materials with a capital investment of over US$42 million at Việt Nam - Singapore Industrial Park II in the southern province of Bình Dương on Friday.

This is the fifth TPR Việt Nam factory in Bình Dương, specialising in the manufacture of automotive parts, heating pads and plastic utensils.

The plant is designed to produce 2.6 million automotive part units, 120,000 heating pads and 30,000 plastic products per month.

Trần Thanh Liêm, chairman of Bình Dương People’s Committee, hoped that TRP Việt Nam would provide high-quality and competitive products in order to promote Việt Nam’s automobile industry and develop advanced household appliances.

Bình Dương Province authorities will strive to improve the investment environment and upgrade the infrastructure in order to develop the economy and promote investment for the province, Liêm added.

In the first six months of this year, Bình Dương has attracted nearly $1.73 billion, reaching 123 per cent of the year plan.

In addition, the province has 2,946 foreign investment projects with a total investment of over $27.4 billion, ranking second in the country, following HCM City.

TRP Việt Nam, established in 2006 in Bình Dương province, is a Japan’s company operating in the fields of manufacturing piston rings and cylinder liners. — VNS

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