Japanese group to invest in Vietnam
In the initial period, Zeon will build a plant to make special casks, each with a cargo capacity of 1.3 tonnes of rubber as from April 2012.
The plant will be built on an area of 94,000sq.m in Haiphong with a total cost of 2-3 billion yen ($26-39 million). On completion in April 2013 it is expected to produce around 120,000 casks per year.
Later the plant can be used to produce some kinds of medical equipment.
Previously, Zeon asked its Chinese partner to produce casks. However, thanks to cheap labour in Vietnam, Zeon has decided to build its own plan in the country.
Zeon specializes in rubber, chemicals, machinery, electronics and food, and it is famous for tyres and automobile spare parts.
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