The country’s largest cable manufacturing plant began operations in the Long Thanh industrial park in the Mekong delta province of Dong Nai, on July 16.
The 40 million USD facility will produce electric and telecommunication cables along with copper and aluminum rods.
The plant was built by Taihan-Sacom (TSC), a joint venture of the listed firm Cable and Telecommunications Material Company (Sacom) and Korean partner Taihan. SACOM holds a 30 percent of the stake of the JV. Taihan, one of the Republic of Korea’s leading cable producers, owns 70 per cent.
The JV is expected to record an overall turnover of 60 million USD in 2007 and 100 million USD by 2010.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment