Japanese largest chemical producer invests in VN

Illustration photo

The Japanese company will invest ¥5 billion (US $64 million) on an area of 80,000m2 at Đình Vũ Industrial Park in the northern port city of Hải Phòng.  

The ¥2-billion production base is expected to be put into operation in February 2013 to churn out 1,000 tons of products a year.

Meanwhile, Shin-Etsu Electronics Materials Vietnam Co., Ltd. specializing in manufacturing silicone-based materials for high-brightness LED packaging will be built on 50,000m2 at Thăng Long 2 Industrial Park in the northern province of Hưng Yên.  

Construction of the plant is scheduled to be completed in March 2013 at a total cost of ¥3 billion.

Japan’s largest chemical producer hoped to take advantage of the demand in Việt Nam and its neighboring countries for future economic growth./.  

 By Kim Anh