Japanese group launches its second factory in Vietnam

Source: Pano feed

The project is being built on an area of two hectares with total investment capital of more than US$20 million.


(VOV) -The Japanese company Pegasus-Shimatomo Auto Parts on February 17 started construction on its second factory, Pegasus Shimamoto Vietnam company, in the southern province of Dong Nai.


The factory specializes in producing auto and motorbike spare parts and components for other industrial sectors.


Pegasus Shimatomo Vietnam is designed to generate total production value worth US$38 million and create jobs for hundreds of workers. In initial years, the company will export its products to the Thai and Japanese markets and expand to other markets.


Dong Nai provincial People’s Committee Chairman Dinh Quoc Thai said the province has seen a growing number of Japanese investors.


In 2013 alone, Japanese investment accounted for 30% of US$1.6 billion worth of direct foreign investment (FDI) in the locality.


Thai said he hopes that more Japanese investors will invest in the Long Duc industrial park as well as Dong Nai’s other parks.




Đăng ký: VietNam News

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