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Japanese companies open plants

Update: November, 26/2014 - 08:59


Delegates cut the ribbon to open the factory of Keiden Viet Nam Ltd. Company in My Phuoc 3 Industrial Park in the southern province of Binh Duong. — Photo baobinhduong.vn

BINH DUONG (VNS) — Keiden Viet Nam Ltd Company inaugurated its US$3.7-billion plant in My Phuoc 3 Industrial Park in southern Binh Duong Province last November 24.

The plant specialises in mechanical processing and tin coatings using modern technology to ensure environmental safety.

The company is expected to provide quality products for metal processing companies in domestic and international markets.

Last November 20, Tomoku Viet Nam Ltd Company of Japan likewise opened its $47.6-million paper packaging plant at the same industrial park as that of Keiden's plant.

Spread over a 6ha area, Tomoku's plant is the first of its kind outside Japan and is designed to produce 60 million sq m of paper packaging every year. The plant will begin operations by early January 2015.

Tran Thanh Liem, vice president of the Binh Duong People's Committee, lauded Japanese investors' interest, saying the manufacturing sector fitted the province's policies to attract investors in support industries.

Binh Duong has attracted Japanese investments in 225 projects worth $4.693 billion. — VNS

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