Bonfiglioli motor factory opens in southern province
Italianinvested Bonfiglioli Vietnam Ltd. Wednesday opened an electric motor-making plant in My Phuoc 3 Industrial Zone in Binh Duong Province’s Ben Cat District.
Construction of the Bonfiglioli Viet Nam factory took 10 months and cost US$16 million.
Gearbox and motor-maker Bonfiglioli Riduttori and Italian government-owned SIMEST are the two investors in the factory, which hired about 100 employees.
In January 2008, the Italian firm leased a 93,844-square-meter plot of land from the Binh Duong-based state-owned developer Becamex for its long-term investment plan in Vietnam.
Company General Director Luigi Galimberti said the plants will initially make products for export, with the domestic market considered at a later date.
Italy currently ranks ninth among European Union investors in Viet Nam with 28 projects worth $114 million, according to Ministry of Planning and Investment. (TN)
