kolon industries to invest 205 million in tyre cord plant

Kolon Industries to invest $20.5 million in tyre cord plant

South Korea's Kolon Industries has revealed it will invest 30 billion won ($20.5 million) in a tyre cord factory to scale up its manufacturing capacity in Vietnam.
korean firm expands tire cord plant in vietnam

Korean firm expands tire cord plant in Vietnam

Kolon Industries, an industrial materials producer of the Republic of Korea (RoK), on January 12 said it will expand its tire cord plant in Vietnam to increase exports from the Southeast Asian country, the Yonhap News Agency reported.
kolon group subsidiary approved for 220 million plant

Kolon Group subsidiary approved for $220 million plant

South Korean Kolon Industries Inc., a subsidiary of Kolon Group, has been licensed to invest $220 million in a factory manufacturing KVT-1 industrial fabric for automobile tires in the southern province of Binh Duong.
kolon industries bring 1 billion plant to binh duong

Kolon Industries bring $1 billion plant to Binh Duong

South Korean Kolon Industries Inc., a subsidiary of Kolon Group, will develop a $1 billion factory manufacturing airbags and industrial fabric for automobile tires in Binh Duong province, aiming to capture a larger share of the domestic and international market.
kolon group goes into investment frenzy in vietnam

Kolon Group goes into investment frenzy in Vietnam

Kolon Group, a leading Korean manufacturer, aims to grow its presence on the Vietnamese market after being licensed for a $14.1 million airbag manufacturing facility in the southern province of Binh Duong earlier this year.
support industries need help

Support industries need help

More Government support for local companies involved in the support industries was needed, according to the managing director of the Japan External Trade Organistion (JETRO)'s HCM City office.
supporting industries take the reins

Supporting industries take the reins

With global firms rushing into Vietnam in the era of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, there is an urgent need for the country to develop its own supporting industries.
tapping into supporting industries

Tapping into supporting industries

Over the past decade, Vietnam has attracted a great deal of foreign direct investment into its industrial manufacturing and electronic sectors. Previously, overseas investors had complained about weaknesses in the country’s supporting industries, but recent changes have contributed to attracting fresh investment. Phuong Thu reports.
industries face more penalties

Industries face more penalties

Under the new Circular No 11/2015/TT-BKHCN, apart from the main sanctions, additional penalties and remedial measures shall be imposed on enterprises, depending on the nature and severity of their violations.
goals for four out of six industries take shape

Goals for four out of six industries take shape

PM Nguyen Tan Dung has approved four action plans to realize the Viet Nam Industrialization Strategy under the framework of Viet Nam – Japan cooperation through 2020 with a vision to 2030.
supporting industries in the crosshairs

Supporting industries in the crosshairs

Southern industrial centres are aiming for hi-tech projects, eco-friendly and labour saving supporting industries to boost efficiency.
thaco industries one stop model

THACO INDUSTRIES one-stop model

Leveraging seamless investment, THACO INDUSTRIES is expected to become a critical factor in promoting the development of the mechanics and supporting industries in the central region and Vietnam. Vietnam currently has over 7,000 mechanical manufacturers and 5,000 manufacturers in supporting industries. However, due to the limitation of capital, technology, and human resources, most manufacturers only produce or process in one or a few stages. Customers have to connect with many partners to obtain a complete product, making the supply chain complicated, inefficient, time-consuming, and costly.
the new face of manufacturing supporting industries

The new face of manufacturing supporting industries

Improving Vietnam’s localisation rate, particularly in the country’s supporting industries, is a long-term goal that requires the right policies and incentives as local manufacturing expert Le Lam outlines.
industries prepare to upskill the workforce

Industries prepare to upskill the workforce

With the international labour force shifting to younger demographics, demand for upskilling and professional empowerment is on the rise – but some employers are being slow to adapt.
rich success for supporting industries

Rich success for supporting industries

The grand co-location of three highly respected machinery and technology exhibitions held in Hanoi this month enjoyed great success with 32 per cent increase in visitor numbers, according to exhibition organiser Reed Tradex.