Business
Japan, Vietnam cooperate in mechanical outsourcing
Song Thu One Member Limited Liability Company, under the Ministry of Defense, and Japan’s Daifuku Group signed a cooperative agreement on mechanical outsourcing in Da Nang city on February 22.
Under the agreement, Song Thu-Daifuku mechanics joint stock company will take shape in Hoa Cam industrial park, Cam Le district, Da Nang city, on an area of 32,406 square metres.
When completed, the project is expected to bring revenue of VND500 billion per year and generate nearly 200 jobs.
As scheduled, construction of the project will be finished and equipment installed for beginning operation in the third quarter of this year. Around 50,000 products, mostly trolleys used at airports, will be produced in the fourth quarter.
Daifuku is Japan’s major economic group specializing in manufacturing consumer goods, especially user-friendly mechanical products. With annual revenue of $2,239 billion, the group has production establishments and representative offices in 20 nations and territories around the world.
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