Two more projects get approval

The Provincial People’s Committee has approved two projects with the total investment capital of VND144 billion.

They include a wood processing factory, invested by An Viet Phat Energy, Co., Ltd and built in Tay Xuan industrial cluster (Tay Son district).

This VND134.6 bln factory, which covers an area of 67,000 square meters, specializes in producing wood pellets and wooden furniture. It is expected to operate in the first quarter of 2020.

Another project is the mechanical workshop, invested by Tan Thanh Construction Co., Ltd and constructed on an area of nearly 9,000 square meters in Phuoc An industrial cluster (Tuy Phuoc district). It has the investment capital of VND9 bln and is scheduled to operate in the third quarter of 2019.

It aims to produce and repair over 9,000 electric motors, generators, electrical control devices and turbines per year. Its new production line will meet the European standards.

Gia Nguyen

Translated by Hong Ha

 

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