Japanese firm to build 10-mln-USD factory in Vinh Phuc’s IP
Tsuchiya TSCO Vietnam Co., Ltd has entered a land lease contract with Thang Long Industrial Park (TLIP III) in the northern province of Vinh Phuc to set up a 10-million-USD facility.
Vinh Phuc (VNA) – Tsuchiya TSCO Vietnam Co.,Ltd has entered a land lease contract with Thang Long Industrial Park (TLIPIII) in the northern province of Vinh Phuc to set up a 10-million-USD facility.
Tsuchiya TSCO, a member of the Japan-based Tsuchiya TSCOGroup, is among first companies signing a lease with the industrial park,according to the provincial People’s Committee.
Founded in 1990, the group manufactures home appliances,electronic and automotive parts. It now has 11 subsidies at home and 14 othersoverseas.
Its 4-ha factory in the TLIP III will produce automotive partsand industrial products.
Construction on the TLIP III started on September 21 thisyear, covering 213 hectares in Thien Ke and Tam Hop communes, Binh Xuyendistrict. It is expected to draw about 80 FDI projects from Japan and createjobs for thousands of labourers once put into service.
The industrial park gives priority to hi-tech andenvironmentally-friendly projects, support industries, and spare partsproduction in service of the auto-motorcycle and precision engineering sectors.-VNA
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Illustrative image. (Photo: VNA)
