Design of a project of Ohtsuka Sangyo Material Co. Ltd in Dong Van 3 IP (Photo: ) Ha Nam (VNA) – Ohtsuka Sangyo Material Vietnam, a subsidiary of Japan’s Ohtsuka Sangyo Material Co. Ltd, on October 5 inaugurated its factory at Dong Van 3 Supporting Industrial Park in Duy Tien district in the northern province of Ha Nam.
This is the second Japanese-invested project that has become operational at the industrial park.
The 4.4 million USD plant specialises in producing and assembling automobile seat covers with capacity of 6 million products per year. The plant will create jobs for some 200 local workers.
Otsuka Keiichiro, Chairman of the Ohtsuka Sangyo Material Co. Ltd, said that the group has operated in the automobile supporting industry for more than 300 years and occupied 70 percent of the Japanese market share.
The products produced in Vietnam will be exported to Japan and American countries, he added.
Meanwhile, Nguyen Xuan Dong, Chairman of the provincial People’s Committee, lauded the efforts by the Ohtsuka Sangyo Material Vietnam and its contractors for putting the plant into operation on schedule.
He asked the company to obey Vietnamese regulations and take care of workers’ rights.
The Dong Van 3 supporting industrial park has an advantageous position with a line-up of preferential policies and comprehensive infrastructure, he said, adding that the province is making effort to improve its business and investment climate to welcome foreign investors, including those from Japan.-VNA
VNA
