The Da Nang Rubber Joint Stock Company inaugurated a major new steel
radial tyre plant in the central city’s Lien Chieu Industrial Park on
June 29.
The 2.99 trillion VND (141 million
USD) plant is equipped with state-of-the-art production lines and
equipment, allowing it to produce 600,000 high-quality tyres a year. It
will be the first plant in Southeast Asia to successfully manufacture
tyres for heavy-duty trucks used in the mining industry.
The factory is expected to generate jobs for nearly 1,000 local people
and contribute 200 billion VND (9.4 million USD) to the State budget.
Addressing the inauguration ceremony, Deputy Prime Minister Nguyen
Xuan Phuc highly valued the company’s efforts in making the plant
operational.
He added that the opening of the plant
shows that the company is making the most of the country’s plentiful
rubber resources.
On the occasion, the Da Nang Rubber
Joint Stock Company signed a contract to provide 10,000 products per
month for the Singapore-based Stamyord Tyres International Pte. Ltd.-VNA