Italian motor factory opens in southern province

Italian-invested Bonfiglioli Vietnam Ltd. Wednesday opened an electric motor-making plant in My Phuoc 3 Industrial Zone in Binh Duong Province’s Ben Cat District.

Construction of the Bonfiglioli Vietnam factory took 10 months and cost US$16 million.

Gearbox and motor-maker Bonfiglioli Riduttori and Italian government-owned SIMEST are the two investors in the factory, which hired about 100 employees.

In January 2008, the Italian firm leased a 93,844-square-meter plot of land from the Binh Duong-based state-owned developer Becamex for its long-term investment plan in Vietnam.

Company General Director Luigi Galimberti said the plants will initially make products for export, with the domestic market considered at a later date.

Italy currently ranks ninth among European Union investors in Vietnam with 28 projects worth $114 million, according to Ministry of Planning and Investment.

Vinh Bao

thanhnien

>   Real estate investors advised to inject money in low cost houses (08/01/2009)

>   New regulations put more difficulties for FIEs (08/01/2009)

>   Foreign investors called for investing in Van Phong Port (08/01/2009)

>   Waste paper should be recycled: Experts (08/01/2009)

>   Power plant project signs on consultant (08/01/2009)

>   Unchecked growth puts steel industry in a bind (08/01/2009)

>   Southern hub to send 15,000 workers abroad in 2009 (08/01/2009)

>   Retail system planned for distribution to rural buyers (08/01/2009)

>   Vietnam, Singapore cooperate in advertising training (08/01/2009)

>   Vietnamese goods thrive on domestic market (08/01/2009)