|Nippon Paint Viet Nam opened its third plant in the country on October 14 in the northern province of Vinh Phuc. — VNS Photo
VINH PHUC (VNS) — Nippon Paint Vietnam marked the opening of its third plant in the country with a grand ceremony in this province yesterday.
The plant, situated on a 60,000sq.m site, has a registered investment capital of $14 million for the next five years and an annual production capacity of 15,000 tonnes. Up to 500 new jobs will be created, providing a huge boost to the company and the Vietnamese economy.
"With automobile and motorcycle manufacturing developing strongly in recent years, especially in Ha Noi and Vinh Phuc, we are seeing increased opportunities to meet the needs of customers," said Fujita Tetsuro, chief operations officer of NIPSEA Management Company.
Nippon Paint Vinh Phuc (NPVP) plans to support the needs of the domestic automobile and motorcycle manufacturing industry and enlarge production to encompass coil coating, general industrial-use coating, heavy-duty coating and other coating fields. — VNS