The Vinh Phuc Industrial Parks Authority granted the Investment Registration Certificate to Yamashin Vietnam Co., Ltd., a subsidiary of Yamashin Filter Corp Japan, in Thang Long Vinh Phuc Industrial Park.
Yamashin Filter Corp, established in 1956, is experienced in manufacturing filters for construction machines and supplying customers such as Komatsu, Kobelco, Volvo and Hitachi. The corporation is headquartered in Yokohama City, Japan.
The VND375 billion (US$16.2 million) project will manufacture filters for construction machines and industrial filters with an estimated output of 4,283,620 products a year. Covering an area of 12,250 square meters in Lot B14-15, Thang Long Vinh Phuc Industrial Park, the company expects to export its products to major markets around the world such as Japan, South Korea and the United States.
Scheduled to be put into operation in April 2022, the project will employ more than 400 local workers and greatly contribute to the economic development of Vietnam in general and Vinh Phuc province in particular.
By Bao Ngoc, Vietnam Business Forum