Chinese Firm to Establish Aluminum Manufacturing Plant in Vietnam
Chinese Manufacturer’s Unit, Innovation Precision Vietnam, Granted Licenses to Construct $165 Million Aluminum Factory in Nghe An, Vietnam.
Innovation Precision Vietnam, a subsidiary of Shandong Innovation Metal Technology, a renowned Chinese aluminum products manufacturer, has successfully obtained licenses to construct a state-of-the-art aluminum factory in Nghe An, a central province in Vietnam. The factory, with an impressive annual production capacity of 100,000 tons of aluminum, is scheduled to commence operations in October of next year. This significant investment is expected to generate around 1,500 highly skilled job opportunities.
It is worth noting that Innovation Precision Vietnam remarkably secured all the necessary licenses within a remarkably short period of two months, following their initial exploration of investment prospects in the province. This venture marks the first expansion of Shandong Innovation Metal Technology beyond Chinese borders. Established in 2002, Shandong Innovation Metal Technology ranks among the top 500 manufacturers in China.