LIXIL Corporation, a global leader in housing equipment and building materials, on April 10 was licensed to build a US$410 million factory in the southern province of Dong Nai.
The factory aims to produce building materials, office and housing equipment, and interior decoration items.
The project is expected to raise LIXIL Corp’s productivity by 10 percent. Its products will be exported to Japan initially, and then to countries throughout the Asia-Pacific region.
Dinh Quoc Thai, Chairman of the Dong Nai provincial People’s Committee, said the project will help develop the province’s industry and increase investment potential between Vietnamese and Japanese businesses.
LIXIL Corp now possesses many famous trade names in the field of construction, such as INAX, Tostem, Sun Wave, TOEX and Shin-Nikkei.
Source : VOVNews