Home Industries

Korean Nexen Tech plans VN factory

Mar 27th at 14:19
27-03-2018 14:19:39+07:00

Korean Nexen Tech plans VN factory

Nexen Tech Ltd Co from the Republic of Korea will begin construction of its first factory at the Gia Phu Industrial Complex in the northern Ninh Binh province in July.

Earlier last week, the company inked a memorandum of understanding with the construction firm Hoang Dan - the complex’s investor - on a land lease for the factory, baodautu.vn reported.

The factory will manufacturing wiring harnesses - Nexen Tech ’s flagship product with a production volume of about 450,000 products a year - used in large and small buses as well as battery module harnesses and electric vehicle charger cables.

The company said it plans to provide more products for automakers in Southeast Asia who are rapidly growing, and then expand outside of Asia to reach the global market. Nexen Tech is currently operating two other factories in Qingdao, China.

Nexen Tech’s managing director Kim Jeong Hoon described the establishment of the plan in Viet Nam as an another step for his company to tap into Southeast Asian markets.

bizhub

MOST READ

NEWS SAME CATEGORY

VN wood industry faces input woes
INDUSTRIES Mar 27th at 10:14

VN wood industry faces input woes

Viet Nam’s wood industry faces a quandary as bright export growth prospects are clouded by difficulties in finding the necessary raw materials.

Organic produce exporters explore global opportunities
INDUSTRIES Mar 27th at 09:17

Organic produce exporters explore global opportunities

There is great potential for export of Vietnamese organic agricultural products to the US and Europe, but businesses need guidance and support from trade promotion...

Industry goals for the coming years
INDUSTRIES Mar 27th at 08:17

Industry goals for the coming years

Viet Nam’s industry will contribute 40 per cent to the national GDP by 2030, according to a newly issued resolution.

Japan’s Mazda opens largest Southeast Asia factory in Vietnam
INDUSTRIES Mar 26th at 15:22

Japan’s Mazda opens largest Southeast Asia factory in Vietnam

Japanese automaker Mazda on Sunday launched its largest and most modern production facility in Southeast Asia in central Vietnam.

T&T and Hitachi Zosen to develop waste-to-power plant in Hanoi
INDUSTRIES Mar 26th at 15:03

T&T and Hitachi Zosen to develop waste-to-power plant in Hanoi

T&T Group and Hitachi Zosen Corporation signed a memorandum of understanding to develop waste-to-power electricity plants in Hanoi.

A seminar held to promote links between Logistics and E-commerce
INDUSTRIES Mar 26th at 10:27

A seminar held to promote links between Logistics and E-commerce

Though logistics and e-commerce in Viet Nam is booming, the two sectors have been hamstrung by a lack of linkages between them, according to Tran Thanh Hai, deputy...

PM attends inaugural ceremony of Thaco Mazda plant
INDUSTRIES Mar 26th at 10:10

PM attends inaugural ceremony of Thaco Mazda plant

Truong Hai Auto JSC (Thaco) inaugurated the Thaco Mazda automobile manufacturing plant, the biggest and most modern Mazda factory in Southeast Asia, in the central...

Doosan Heavy to develop offshore wind farm in Vietnam
INDUSTRIES Mar 24th at 15:15

Doosan Heavy to develop offshore wind farm in Vietnam

South Korea’s Doosan Heavy Industries and Construction Co. will shake hands with Electricity of Vietnam (EVN) to develop an offshore wind farm project as the South...

VN firms push food safety
INDUSTRIES Mar 24th at 14:44

VN firms push food safety

More and more livestock farming companies are adopting VietGap and Global Gap standards to improve their efficiency as well as ensure food safety, according to...

Hyundai Motors to open VN plant
INDUSTRIES Mar 24th at 14:36

Hyundai Motors to open VN plant

Automaker Hyundai Motor, Thanh Cong Group and the People’s Committee of Ninh Binh signed a memorandum of understanding (MoU) to construct the second automobile...

Read More

MOST READ

Back To Top