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VietNamNews

Pile Corp ups stake in Phan Vu

Update: March, 09/2012 - 10:38

HCM CITY — Japan Pile Corporation has increased its stake in Phan Vu Investment Corp to 30 per cent from its first investment of 5 per cent in 2010.

According to the chairman of Phan Vu Corp, Phan Khac Long, a US$10 million project on a new foundation pile will begin in October, using Japan Pile's advanced technology that is good for soft soil terrain.

Phan Vu runs six plants in the provinces of Hai Duong, Quang Ngai, Dong Nai, Binh Duong, Can Tho and Long An, targets this year's turnover at a minimum of VND800 billion ($38 million), up 15 per cent over 2011.-VNS

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