VSIP II absorbs additional US$45mln

Tokyo Rope Vietnam Co.Ltd. expects to spend additional US$45mln on expanding its factory in the Vietnam Singapore Industrial Park II (VSIP II). This figure will also help bring the company’s total investment capital in the VSIP II to nearly US$69mln.

Established in 2006, Tokyo Rope Vietnam Co.Ltd. is specialized in manufacturing and exporting high-tension cable lines with the world’s top quality into many countries. Mr.Masaya Asano, CEO of the company said that this expansion aimed to meet the increasing demand for elevators’ high-tension cable products. Particularly, it will help the company’s output increase threefold in comparison to the current level with about 1,000 tons per month.

Reported by Trong Minh-Translated by K.T

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