The factory, based at the Vietnam-Singapore Industrial Park 2 in Tan Uyen township, was built at a cost of more than US$42 million.
Kishi Masanobu, General Director of Japan’s TPR Group, said his firm highly values Binh Duong authorities’ attention to creating a favourable investment climate. It decided to expand investment by opening the fifth factory in Binh Duong.
The new factory manufactures about 120,000 electric mattress pads and 30,000 plastic products each month, along with a number of other products.
Chairman of the Binh Duong People’s Committee Tran Thanh Liem promised continuous efforts to improve the investment environment and upgrade local infrastructure to better serve investment demand and economic development.
Earlier, TPR Vietnam, set up in 2006 in Binh Duong, made investments in four automobile component factories at different industrial parks in the province.
Binh Duong attracted more than US$1.72 billion of foreign investment in the first six months of 2017. It has so far housed 2,946 foreign invested projects worth over US$27.4 billion, ranking second in Vietnam in foreign investment attraction after Ho Chi Minh City.
