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Friday, July 19, 2024

Taiwan auto parts maker to set up shop in Hai Duong

The Saigon Times

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HCMC – Taiwan’s NeoSCM Limited has plans to invest some US$44-55 million into a facility producing car brake discs in the northern province of Hai Duong.

The 8-hectare factory will be built in An Phat Industrial Park No. 1 in Nam Sach District, with annual output of four million products for domestic and foreign markets.

The project includes two phases, with the first one expected to be up and running at the end of 2024, according to a representative of NeoSCM.

The plant will need between 500 and 600 highly skilled workers.

Luu Van Ban, standing vice chairman of the Hai Duong People’s Committee, said the provincial government was committed to offering favorable conditions for business expansion, including simpler administrative procedures and manpower support.

He urged the industrial zone’s operator to enhance technical infrastructure for manufacturing.

Hai Duong Province will establish 21 industrial zones and three extension areas, covering some 4,507 hectares. To date, some 11 projects have been set up in local industrial zones.

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