|The plant, which was built on an area of 3.11ha, will produce 480,000 engine castings a year. — Photo baodautu
DA NANG (VNS)— Japan's Niwa Foundry company has begun construction of its first plant at the city's Hi-Tech Park in Hoa Vang District with total investment of US$30 million.
The plant, which was built on an area of 3.11ha, will produce 480,000 engine castings a year.
The company's chairman Tatsumi Niwa said the company planned to increase capacity to 4.5 million products for domestic and export markets by 2019.
Earlier, Tokyo Keiki Inc. announced it had started construction of its $40-million plant, producing electro-magnetic and hydraulic equipment, at the 1,010-ha park. — VNS