Saturday, December 14, 2024
Saturday, December 14, 2024
Home » Chinese Company to Build Aluminum Factory in Vietnam

Chinese Company to Build Aluminum Factory in Vietnam

by Meang Chanvatey
0 comment 169 views


Innovation Precision Vietnam, a unit of a Chinese manufacturer, has received licenses to build a $165 million aluminum factory in the central province of Nghe An.

The company, a subsidiary of aluminum products manufacturer Shandong Innovation Metal Technology, will build a plant with the capacity to produce 100,000 tons of aluminum a year, according to Nghe An’s People’s Committee.

It is set to begin operations in October next year and will create 1,500 high-skilled jobs.

Innovation Precision Vietnam received all its licenses within only two months of its representatives first entering the province to consider investing.

This will be the first plant that Shandong Innovation Metal Technology has built outside of China.

Shandong was established in 2002 and is among the 500 biggest manufacturers in China.

Source: VN Express

You may also like

Hanoi Observer LLC is a global leader in the online news. We seek to inform and engage with our readers. Staffed 24 hours, seven days a week by a dedicated team around the globe, we deliver news from journalists around the world. We are contrarian truth-seekers and truthtellers. We are journalists united by a mission to inform and engage with our readers.

We bear witness to history as it unfolds and explain not just what happened, why it happened and what it means to our readers and the public.

We are contrarian, we are committed to the news, speaking truth to power.

Hanoi Observer, A Media Company – All Right Reserved.