Posted on 11 Nov 2008
The Hamanakodenso Co Ltd, a subsidiary of the Japanese Denso Corporation, established a new company last month to produce auto parts in
The new company, the Hamaden Vietnam Co Ltd (HDVN), is scheduled to begin operations in June 2010 with 1.3 billion yen (about US$12.6 million) in capital.
The company will initially invest around 2.2 billion yen (about $21.2 million) to build a factory to produce automotive sensors and solenoid valves in Thang Long Industrial Park 2 in the
Construction of the factory is expected to begin in February 2009 and to be completed by September 2009, creating 800 new jobs by 2012.
