Da Nang Rubber Joint-Stock Company (DRC) will invest more than VND1,244billion to accelerate the construction of a plant, which is able to produce 600,000 ply-tires per year.
Deputy-Director of DRC recently released the information and affirmed that the plant will be operational in March 2013.
He also said that 50 per cent of the plant’s products will be exported to foreign markets and the remainder will serve the domestic market.
According to experts, Vietnam has a good condition to produce rubber products.
Translated by Chung-Anh