TOWA Industrial Vietnam Co. Ltd. has begun construction of a Hi-tech factory to produce precision machine parts at Hoa Phu Industrial Park in the Mekong Delta province of Vinh Long.
The 342 billion VND (14.7 million USD) TOWA Southern Star Factory project is expected to help attract other high-tech investors to the region.
The project matches the province’s ambition to transform its industrial structure from traditional to technology-based to help it develop sustainably.
It will produce high precision machine parts using environmentally-friendly technologies. TOWA supplies products to many famous brand names such as Juki, Brother, Komatsu, and Kubota.
The plant will also use the latest technologies for waste treatment.
It is being designed and built by Thien An Design, Construction and Trading Co. Ltd., which recently built the main operation building, air traffic control building, air traffic control tower, and airport apartment building at Van Don International Airport in Quang Ninh province, Ca Mau Gas Processing Plant and some factories for foreign investors like Ajinomoto, Acecook, Wacoal, Fuji Impulse, and YKK.