Germany’s Gentherm starts factory construction
The factory, capitalised at $15 million, will manufacture air-conditioners for the domestic automotive industry. Gentherm Vietnam also supplies air-conditioning products to other industries.
Spanning some 20,000 square metres, the facility will consist of a production floor, clean room and related offices and utilities. Gentherm Vietnam has announced that it will complete construction of the factory within 20 months with the investment certificate expiring in 2056.
The project is expected to make a significant contribution to the Vietnamese government’s efforts to boost the development of the country’s auto industry.
Vu Dai Thang, Deputy Chairman of the Ha Nam Provincial People’s Committee said Gentherm would be successful in Vietnam and pledged the support of the local authorities to the project.
