The Truong Hai Auto Corporation (Thaco) on February 21 launched its agricultural machine factory in Chu Lai open economic zone in the central province of Quang Nam.
Quang Nam(VNA) – The Truong Hai Auto Corporation (Thaco) on February 21 launched its agriculturalmachine factory in Chu Lai open economic zone in the central province of QuangNam.
The factory covers 12,500square metres and has an investment of 500 billion VND. It is designed tomanufacture tractors with a capacity from 18HP-120HP, along with high-qualitycombine harvesters and other agricultural equipment.
In the first phase, ithas a capacity of manufacturing 2,000 tractors per year, 3,000 sets of cultivationequipment and 1,000 combine harvesters.
The factory’stechnology is transferred from LS Mtron Group, a leading agricultural machinemanufacturer in the Republic of Korea.
It will use domesticmaterial and spare parts, while importing high technology parts that are notavailable in the country from the Republic of Korea and ASEAN countries.
In 2018, Thaco willalso focus on developing passenger cars, while launching the first phase ofThaco-Mazda factory with a capacity of 50,000 units each year on March 24,along with a new van factory to produce 100,000 units per year.
The firm will alsopartner with other companies to develop support industry and expand itsfactories to 138 hectares in 2018.-VNA
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Illustrative photo (Source: VNA) 
