Photo for illustration. baonamdinh.com.vn

The Chinese Sailun Tyres company in the Phuoc Dong-Boi Loi Industrial park, the southern province of Tay Ninh, put into operation its new 400 million USD tyre factory on November 30.

The factory, whose construction started in 2011, is the biggest foreign invested company in Tay Ninh to date.

The plant has a design capacity of 150,000 tyres per year, including semi-and full-steel radical tyres and speciality tyres, and is expected to generate jobs for nearly 1,000 people.

Addressing the inauguration, Deputy Chairman of the provincial People’s Committee Huynh Van Quang said the factory operation will contribute to the local socio-economic development, living conditions and quality of life.

After two years of building infrastructure, the Phuoc Dong-Boi Loi industrial park has attracted 11 investment projects including eight foreign-invested developments and three domestic ones with registered capital of 922 million USD and 616 billion VND (over 29 million USD), respectively.

Currently, three foreign projects worth nearly 500 million USD have been put into operation.

Source: VNA