VN’s most modern radial truck tyre factory inaugurated
Deputy Prime Minister Hoang Trung Hai on April 19 cut the ribbon to inaugurate an all-steel radial truck tyre factory in the southern province of Binh Duong.
Deputy Prime Minister Hoang Trung Hai on April 19 cut the ribbon toinaugurate an all-steel radial truck tyre factory in the southernprovince of Binh Duong.
Covering 120,000 sq.m in the NamTan Uyen Industrial Park , the factory, the most modern of itskind in Vietnam, was built at a cost of 3.38 trillion VND (161million USD).
Co-invested by the Vietnam National ChemicalGroup (Vinachem) and the Southern Rubber Industry Joint Stock Company(Casumina), the plant is capable of producing 1 million units per year.
Its aims at both domestic and foreign markets such as the Middle East,South Asia and Southeast Asia, the US, North America and Europe.
Speaking at the ceremony, Deputy PM Hai urged the investors to do more to ensure the factory will operate effectively./.
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The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
