On 05th October, 2017, Ohtsuka Sangyo Material Viet Nam Company Limited officially launched its US$4.4 million car chair components factory in Ha Nam’s Dong Van III Industrial Park.
Ohtsuka Sangyo Material Vietnam Co., Ltd. was granted the investment license by Ha Nam Industrial Zone Authority in May 2016 to implement the investment project in Dong Van 3 Industrial Park, Duy Tien district. This is the second of the seven projects which Japanese investors registered to invest in Dong Van Industrial Zone 3 turning into operation and is one of 60 projects of foreign direct investment of Japan in the Hanam Province to date. The company has invested $ 4.4 million, specializing in manufacturing, assembling seat pads and car seat covers, with a capacity of 6 million products per year. The company’s products are mainly exported to Japan and American countries.
The plant is expected to manufacture six million products per year and to provide some 200 jobs. Mr. Otsuka Keiichiro, president of Ohtsuka Sangyo Material Japan Company Limited, said the company has a history of operating over 30 years in the automotive auxiliary field and currently holds 70 per cent of the market share in Japan. The products made in Viet Nam will be exported to Japan and North America.
Mr. Nguyen Xuan Dong, chairman of the Provincial People’s Committee, asked the firm to comply with Viet Nam’s laws and to ensure its workers well being. Dong Van III Industrial Park has a favorable location, with preferential policies and technical infrastructure to attract Japanese investors.