Kenda to invest US$160 million in Dong Nai tyre factory

15:20 | 26/09/2015 Investment

Taiwan-based Kenda Rubber Industrial Co. Ltd plans to invest around US$160 million in building a factory at Giang Dien Industrial Zone (IZ) in Trang Bom district, Dong Nai province.

Kenda to invest US$160 million in Dong Nai tyre factory

The Dong Nai IZ management board on September 22 handed over an investment licence to Kenda Vietnam to build a factory to produce car, motorbike and bike rubber tyres.

After it is put into operation, the factory is expected to generate 4,000-5,000 jobs and earn an annual export revenue of US$200-300 million.

It will use rubber materials from Dong Nai and other areas in Vietnam to produce tyres./.

Source: VOVnews

 

Theo ven.vn