Thanh Cong Group to build 94.3 million USD project in Hai Duong

Ha Noi-based Thanh Cong (TC) Group will build a complex of mechanical engineering manufacturing and assembly for mechanical, auxiliary, and auto parts and other industries in Hai Duong province.

Deputy Director of TC Group Le Do made the proposal at a meeting with Standing Vice Chairman of the provincial People’s Committee Luu Van Ban on September 7.

The enterprise wished to carry out the project on an area of nearly 26 ha in Lai Vu industrial park with an estimated investment of 94.3 million USD.

The complex will include a research and development center with car body mechanical parts, electronic components, and car seat systems as the main products.

The designed capacity is equivalent to 200,000 cars/ year, aimed for export to various countries in the region.

Production technology was transferred from the group’s partners in the Republic of Korea and many countries in the G7 bloc, thus ensuring synchronization and advancement towards waste-free and pollution-free production, suitable for domestic and export demands.

Standing Vice Chairman of the provincial People’s Committee Luu Van Ban believed in the efficiency of the project due to TC Group’s leading scale and prestige in the region and important role in the global supply chain.

Ban affirmed that the province would accompany and support the business community in the province in general and TC Group in particular during project implementation.

“Hai Duong always invites and creates favorable conditions for investors, especially in terms of administrative procedures and quality human resources,” said Ban.

The province has many quality vocational training schools, creating a foundation for the province to implement policies on training and fostering quality human resources to meet investors’ requirements, the standing vice chairman added.

He required concerned departments, sectors, and localities to proactively coordinate with TC Group in forwarding investment and processing related legal procedures based on the enterprise’s proposal.

HK