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Korean auto part maker inaugurates plant in Ninh Binh

The Republic of Korean-based automobile part manufacturer ESMO Corporation inaugurated its 12.9-million-USD plant in the northern province of Ninh Binh on September 20.
Korean auto part maker inaugurates plant in Ninh Binh ảnh 1The ESMO VINA plant opened in Ninh Binh province on September 20 (Photo: VNA)

Ninh Binh (VNA) – The Republic of Korean-basedautomobile part manufacturer ESMO Corporation inaugurated its 12.9-million-USDplant in the northern province of Ninh Binh on September 20.

Located at the Gia Phu industrial cluster in Gia Viendistrict, the ESMO VINA plant, built at a cost of more than 300 billion VND(12.9 million USD), spans 63,600 square metres.

The facility, capable of producing about 450,000 itemsannually, will become operational in early 2020.

Speaking at the inauguration ceremony, Lee Huyn Chul, CEO ofESMO VINA, said the plant is ESMO’s new move to make inroads into the SoutheastAsian market.

He hopes its operation will create stable jobs for locals andcontribute to socio-economic growth in Ninh Binh.

Nguyen Ngoc Thach, Vice Chairman of the provincial People’sCommittee, said Ninh Binh will continue its administrative reform to attractmore domestic and foreign investors, particularly those from the RoK.

Ninh Binh is home to eight industrial parks and 27industrial clusters./.
VNA
#automobile part manufacturer #ESMO Corporation #ESMO VINA plant #Ninh Binh province #Gia Phu industrial cluster #CEO of ESMO VINA Lee Huyn Chul #updated Vietnam news #Vietnamplus #Vietnam News Agency Ninh Binh Korea (RoK)
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