|Representatives cut the ribbon in the opening ceremony of Ohtsuka Sangyo Material Việt Nam’s factory. — VNA/VNS Photo|Viet Nam News
HÀ NỘI — Japan’s Ohtsuka Sangyo Material Việt Nam Company Limited officially launched its US$4.4 million car chair components factory in Hà Nam’s Đồng Văn III Industrial Park on October 5.
The factory specialises in manufacturing, producing and assembling seat pads and seat trim covers for cars. The plant is expected to manufacture six million products per year and to provide some 200 jobs.
Otsuka Keiichiro, president of Ohtsuka Sangyo Material Japan Company Limited, said the company has a history of over 30 years operating in the automotive auxiliary field and currently holds 70 per cent of the market share in Japan. The products made in Việt Nam will be exported to Japan and North America.
Nguyễn Xuân Đông, chairman of the provincial People’s Committee, asked the firm to comply with Việt Nam’s laws and to ensure its workers well being.
Đồng Văn III Industrial Park has a favourable location, with preferential policies and technical infrastructure to attract Japanese investors. The new factory is the second Japanese investment in the park. — VNS