Kubota to open $80 million factory

Japan’s Kubota Corporation is preparing to open a new US$80 million tractor factory on the outskirts of Ho Chi Minh City as it continues its expansion in Vietnam.

The agricultural machinery manufacturer plans to put the factory into operation next month and has set a target of selling 15,000 to 25,000 agricultural machines a year in Vietnam by 2013.

The factory in Binh Chanh District is part of Kubota’s plan to triple sales of agricultural machines in Asia to 150,000 units per year by 2013.

In October last year, Kubota was granted an investment certificate to establish an $8 million company in the southern province of Binh Duong to manufacture and sell tractors, utility vehicles and combine harvesters.

vietnews, vietnamplus

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