CONSTRUCTION STARTING OF PROJECT 26 MILLION DOLAR AT TRANG DUE INDUSTRIAL PARK

Attending the meet, there are Mr Duong Anh Dien – The secretary of the city and President of Hai Phong Council, Mr Le Thanh Son – Vice President of Hai Phong People’s Committee, Mr Pham Thuyen – Head of Hai Phong Economic Zone Authority and Directors of Aichi Tokei Denki Japan.

Aichi Tokei Denki Japan JSC head quarter is located in Nagoya City of Aichi Province, was established in 1889 and until now over 100 years for history and development. During in the past, the company had ever manufactured aircraft since 1920. Now, the company specializes in the measuring tools such as gas meter, water meter (including mechanic, electronic and wave type).

Aichi Tokei Denki Viet Nam Limited Company was granted the Investment Certificate on 24th December, 2014, main business line is manufacturing, processing, assembly and repairing components, semi-product, product of gas meter, electronic water meter, with total investment capital is 26 million dolar, in which charter capital is 10 million and total land using area is 25,000 m2.

The factory has started construction on 6th June, 2015 and estimated time going into stable production in June, 2016, using over 200 labors. After going into stable production, the company will start assembly electronic water meter one of the smart product with high technology.

Speech of the ceremony, representative of Aichi Tokei Denki Japan also shared that: This investment decision is one of important strategy to expand toward to the global market. 5 years ago, we already set up a small factory at Trang Due Industrial Park, now we so expected the development and grown of Aichi Tokei Viet Nam, we settle target this project will focus on smart product with high technology – our key product in the future.

Mr Duong Anh Dien, the secretary of Hai Phong People’s Committee is also glad to attend the second ground breaking down ceremony Aichi Tokei Denki at TrangDue Industrial Park. Mr Dien affirmed that: “The investment decision of the company is accurate. Now aday, Trang Due Industrial Park appearance has changed a lot, be more developed. In planning at the end of this year, first an second phrase of Trang Due Industrial Park total 400 ha will be sold out. So now, the company is doing procedure to expand more land upto 1000 ha. While city infrastructure utilities completion also speed up upgrading such as high way Ha Noi – Hai Phong, Cat Bi air-port upgrading to international air-port. It’s very convenient for investor who invest in Trang Due Industrial Park.