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VietNamNews

Auto parts producer to expand operations

Update: June, 06/2012 - 10:02

HCM CITY—German auto parts maker Robert Bosch announced yesterday it plans to increase its investment in Viet Nam to US$322 million by 2015 to expand its plant in Long Thanh, southern Dong Nai Province.

The managing director of Robert Bosch Vietnam, Vo Quang Hue, said the expansion of the plant, which makes push belts used for continuously variable transmission in automobiles, is to meet rising global demand.

The $73 million production facility began operation in April last year, and by August the company had put in it a total of $136 million.-VNS

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