|Mechanics assemble tractors on a production line in the Chu Lai-Trường Hải Industrial Complex. The factory plans to produce 6,000 tractors per year. — VNS Photo Công Thành |Viet Nam News
QUẢNG NAM — Local Trường Hải Automobile Company (Thaco) has rolled out the first made-in-Việt Nam tractor at the agricultural machinery manufacturing factory in the Chu Lai-Trường Hải Industrial Complex after one year of construction.
The factory, which covers an area of 1.2ha with investment of VNĐ500 billion (US$22.1 million), plans to produce 2,000 tractors and 4,000 combine harvesters as well as farming machines and equipment each year.
The Quảng Nam-based factory uses technology from Korean LS Mtron company following an agreement signed last year between Thaco and LS Mtron (a company of the LS Group from Korea).
Thaco said the manufacturing factory aimed to provide made-in-Việt Nam agricultural machinery with a 50 per cent localisation programme for domestic use as well as for exports to ASEAN markets.
Đoàn Đạt Ninh, an official from Thaco, said the Thaco-trademark tractor eyed making up 7 per cent of the country’s market share in 2018 before increasing to 38 per cent in 2026.
The local made farming machinery products are also planned to be exported to Laos, Cambodia, the Philippines, Myanmar, Indonesia and other markets.
The introduction of the first agricultural machinery plant in Quảng Nam Province would help promote mechanisation of farming in Việt Nam.
In 2013, Thaco also acquired 51 per cent of shares in the Korean Soosung Motor Technology company to produce cranes, concrete mixer trucks and tankers in Korea.
Thaco has manufactured and distributed vehicles of foreign brands – Kia of South Korea, Mazda of Japan, France’s Peugeot and BMW of Germany. — VNS