East Asia Aluminum Co Ltd to up capacity by 2.5 times

This year, East Asia Aluminum Co., Ltd. aims to produce 150,000 tons of products, more than 75% of which will be exported

The new line has a total investment of over 20 million USD and is expected to require about 400 more laborers.

This year, with two production lines, the company aims to produce 150,000 tons of products, 2.5 times higher than 2022 output, more than 75% of which will be exported.

By the end of 2022, the company had produced and sold over 60,000 tons of shaped aluminum products of various kinds. 65% of the products were exported, mostly to the US, Australia, and Canada.

The enterprise is employing 1,300 laborers with per capita income of more than 15 million VND/ month, up 7% over the previous year.

The company has deducted more than 1.5 billion VND from its profit to together with the trade union support the employees on the occasion of the 2023 Quy Mao Lunar New Year.

THANH LONG