Ariston Thermo, Italian heating and water heating manufacturer, has opened a new manufacturing plant in Tien Son Industrial Park in northern Bac Ninh province.

This is the company's first plant in Vietnam and the second-largest in Asia.

Covering an area of over 50,000sq.m, the plant, set up with an investment of 18 million USD, will employ about 300 people and produce up to 1 million electric water heaters per year.

According to Chairman of Ariston Thermo Paolo Merloni, the opening reflects his company’s purpose of increasing its production capacity in Southeast Asian countries and Viet Nam is the focus of the company’s development strategy.

With the new plant, Ariston Thermo has set a goal expanding its business in the local market and in other countries of Southeast Asia.-VNA