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Japanese group invests in major car wiring factory

Jul 11th at 13:44
11-07-2013 13:44:28+07:00

Japanese group invests in major car wiring factory

Yazaki Hai Phong Viet Nam company will pour $33 million into an automotive electrical wiring factory in Dong Mai Viglacera Industrial Park in the northern province of Quang Ninh.

On Tuesday, the company, a subsidiary of Japan's Yazaki Group, signed a lease in principle for 70,000sq.m of land on which the factory will be built. The project is expected to create employment for 3,000 people.

The Yazaki group occupies one third of the world market in the car wiring sub-sector.

vietnamnews

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