Thursday, August 17, 2017 - 22:27:46

Work starts on 100 mln USD telecom equipment factory

Print

The Korean-invested KMW Vina Co Ltd held a ground breaking ceremony for a 100-million USD telecommunications equipment and LED lighting equipment factory in the northern province of Ha Nam on May 13.

Speaking at the event, Deputy Prime Minister Hoang Trung Hai requested KMW Vina coordinate with provincial authorities during construction and operations and prioritise the employment of local labourers.

Secretary of the provincial Party Committee Mai Tien Dung said once completed, the factory will not only meet demand for electrical equipment but also contribute to diversifying the province’s industrial products.

Located at the Dong Van 1 Industrial Park, the factory covers over 30 hectares and expects to produce 220,000 telecommunications and radio engineering devices and 380,0000 pieces of LED lighting equipment each year, creating jobs for 5,000 workers.

The factory is scheduled to go into operation by the end of 2015.

Ha Nam is home to 125 foreign direct investment (FDI) firms from 10 countries and territories. In 2014, the province attracted 35 FDI projects with up to 300 million USD in investment capital.-VNA

Your comments about this article ...
Others