RK Engineering, a wholly foreign invested company from Japan on Mar.29 inaugurated a high-pressure resistance tank, tank top, heatproofmaterial and equipment plant in Dinh Vu Industrial Zone in the northerncity of Hai Phong .
Speaking at the inaugurationceremony, the company's general director Yuzuru Tsuchiya said they areaiming to provide high quality products to the Asian market atcompetitive prices.
The 14 million USD project willprocess 300 to 480 billion tonnes of products annually to serve thepetrochemical and food industries.
Most of their finished products will be exported to Japan and other Asian countries.
Construction of the plant started last July, and it should be ready to go into operation next month as scheduled.
It will create jobs for 40 people initially, and 100 employees when it is fully operational.
Nippon Kyohan is the company's main investor.
Nippon Kyohan selected the Dinh Vu IZ because of its strategiclocation, access to the port, reliable utilities and tax incentives.
Nippon Kyohan is one of six Japanese tenants at the IZ, which hasattracted more than 43 projects with total investment of 41.54 billionUSD, of which Japanese investment represents approximately 45 percent.-VNA
Speaking at the inaugurationceremony, the company's general director Yuzuru Tsuchiya said they areaiming to provide high quality products to the Asian market atcompetitive prices.
The 14 million USD project willprocess 300 to 480 billion tonnes of products annually to serve thepetrochemical and food industries.
Most of their finished products will be exported to Japan and other Asian countries.
Construction of the plant started last July, and it should be ready to go into operation next month as scheduled.
It will create jobs for 40 people initially, and 100 employees when it is fully operational.
Nippon Kyohan is the company's main investor.
Nippon Kyohan selected the Dinh Vu IZ because of its strategiclocation, access to the port, reliable utilities and tax incentives.
Nippon Kyohan is one of six Japanese tenants at the IZ, which hasattracted more than 43 projects with total investment of 41.54 billionUSD, of which Japanese investment represents approximately 45 percent.-VNA
