he UK-based King Riches kicked off construction of a second footwear export manufacturing plant in Quang Ngai province on May 29.
The new factory will be erected on nearly 25.39ha at the Vietnam-Singapore Industrial Park (VSIP) in Tinh Phong village, Son Tinh district, at an estimated cost of US$30-50 million.
Under the first phase costing US$20 million, a workshop, and residential areas for workers and experts will be built. They are scheduled to be put into operation in May 2015.
The factory, the second of its kind in Vietnam, manufactures for world’s famous brands, such as Timberland, Clark, New Balance and Nike.
Since its operation at VISP Binh Duong in 1999, the first factory has constantly expanded and is now employing more than 9,000 workers.
King Riches Vietnam Director General, Mickey Chen revealed his trust in the Vietnamese Government, saying that the environmental investment and active support from VSIP management board were the pivotal reasons leading to the group’s decision to build the second factory in Vietnam.
King Riches is a subsidiary of the Hong Kong’s Kingmaker Footwear Group. It is listed on Hong Kong and Taiwan stock exchange.
Source : VOV online