Investment Thứ bảy, 21/09/2019 15:26

South Korean automotive components factory inaugurated in Ninh Binh

The ESMO Group (ESMO) of South Korea inaugurated its ESMO VINA Automotive Components Production Plant at the Gia Phu Industrial Complex, Gia Viên District, Ninh Binh Province on September 20th.

At the inauguration ceremony. (Credit: VNA)
At the inauguration ceremony. (Credit: VNA)

Representing an investment of 300 billion Dong, the ESMO VINA plant has an annual capacity of 450,000 products.

According to Lee Huyn Chul, executive director of ESMO VINA, this plant will meet new orders and improve the company's competitiveness in the production of parts for hybrid and electric cars.

The ESMO plant will help increase the supply of products to fast-growing car manufacturers in Southeast Asia, such as Hyundai Thành Công, Vinfast, Kia, GM Deawoo and Truong Hai …

ESMO Corporation (formerly Nexen Tech Corp) was established in 1994 in the Republic of Korea. The group currently operates two manufacturing plants in China.

 (Source: VNA)

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