German firm to build $35 mln plant near Hanoi

Germany’s B. Braun Melsungen AG, is to spend $35 million to build a medical-equipment factory in northern Vietnam, Dau Tu newspaper reported Monday.

Construction will start on Tuesday on the plant in the northern Ha Tay Province near Hanoi, according to the newspaper.

The facility, with total capacity of 150 million units per year and annual revenue of $17 million, would be the largest producer of medical equipment in the Southeast Asian country, it said.

Eighty percent of the factory’s products will be exported to other Asia-Pacific markets.

The newspaper did not say when the plant would start operation.

Thanhnien

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