A-Pro Tech Vietnam Co Ltd on Monday broke ground for the construction of a bike and automobile spare parts manufacturing plant in the southern province of Bình Dương.
The US$300 million project is financed by the Taiwan-based A-Pro Technology Co Ltd and will be operated by A-Pro Tech Vietnam Co Ltd.
GIZA Engineering & Construction Joint Stock Company is the general contractor.
The factory is being built on a 76,000sq.m plot in Đại Đăng Industrial Park. Once completed, it is expected to have an annual capacity of 300,000 bicycles, one million bike frames of different types, 100,000 tonnes of spare parts for bicycles, motorcycles and cars, as well as 50,000 tonnes of metal tubes.
The plant is expected to become operational this December.