Polyester tyre cord factory starts operation

A part of Bàu Bàng Industrial Zone in Bình Dương Province. Kolon Industries Bình Dương’s tyre cord factory started operation in the industrial zone on September 18. – Photo baobinhduong.vn Viet Nam News BÌNH DƯƠNG – Konlon Industries Bình Dương Co Ltd began operations of its factory manufacturing polyester tyre cords with total investment of US$220 million in Bình Dương Province on September 18. According to South Korean Konlon Industries Inc, its Konlon Industries Bình Dương factory located in Bàu Bàng Industrial Zone is a smart factory using high technology to produce polyester tyre cords that are high-functional products essential for the manufacture of high quality automobile tyres. The factory has a production capacity of 1,400 tonnes of polyester tyre cord per year. Speaking at the inauguration ceremony of the factory, Mai Hùng Dũng, vice chairman of Bình Dương People’s Committee, said this is a project producing high value added products with modern and environmentally-friendly technology suitable with the investment policies in Bình Dương Province. Dũng said the province expects the factory to operate efficiently and market high quality products. Meanwhile, the provincial authorities would be ready to solve obstacles and also create favourable conditions in doing business in the province for the Konlon Industries Bình Dương Co, Ltd as well as other investors. In 2016, Bình Dương People’s Committee and Kolon Industries signed a memorandum of understanding (MOU) to develop a project manufacturing tyre cords and airbags with total investment of $1 billion in the Bàu Bàng Industrial Park. Of… [Read full story]