Luxshare expands Nghe An plant with $11.5 mln investment
The existing annual production capacity of the project is 62.86 million connection cable products for smart electronic devices.
Luxshare - ICT (Nghe An) Co., Ltd., a subsidiary of Luxshare - ICT Group (China), has recently been granted a permit to add $11.5 million to the Luxshare - ICT (Nghe An) Project in central Nghe An province, in order to increase the capacity of consumer electronics products
According to the latest adjusted investment registration certificate issued by the Management Board of the Southeast Nghe An Economic Zone, the total investment capital of the project is nearly VND3.55 trillion, equivalent to $151.5 million. Of this, the contributed capital for the project is $73.45 million and the mobilized capital is $78.05 million.
The project is being implemented on a land area of over 15.5 ha in VSIP Nghe An Industrial Park, Hung Tay commune, Hung Nguyen district.
The existing annual production capacity of the project is 62.86 million connection cable products for smart electronic devices.
