Japan-invested firm opens 42 mln-USD factory in Binh Duong

At the event (Photo: VNA)


 

Binh Duong (VNA) – The Japanese-invested TPR Vietnam
Co. Ltd on July 21 put into operation a factory producing gaskets, electric
mattress pads and plastic products for daily use in the southern province of
Binh Duong.

The plant, based at the Vietnam-Singapore
Industrial Park 2 in Tan Uyen township, was built at a cost of more than 42
million USD.

Kishi Masanobu, General Director of Japan’s TPR
Group, said his firm highly values Binh Duong authorities’ attention to
creating a favourable investment climate. It decided to expand investment here
by opening the fifth factory in Binh Duong.

The new factory manufactures about 120,000
electric mattress pads and 30,000 plastic products each month, along with some
other products.

Chairman of the Binh Duong People’s Committee
Tran Thanh Liem promised continuous efforts to improve the investment
environment and upgrade local infrastructure to better serve investment demand
and economic development.

Earlier, TPR Vietnam, set up in 2006 in Binh
Duong, invested in four automobile component factories at different industrial
parks in the province.

Binh Duong attracted more than 1.72 billion USD
of foreign investment in the first six months of 2017. It has so far housed
2,946 foreign invested projects worth over 27.4 billion USD, ranking second in
Vietnam in foreign investment attraction after Ho Chi Minh City.-VNA



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