Song Thu to produce conveyor belt systems

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Báo QĐND English - 31 month(s) ago 12 readings

Song Thu to produce conveyor belt systems

Song Thu Firm in Da Nang under the Defence Ministry on February 22nd signed a mechanic processing contract with the Japanese group of Daifuku to produce automobile assembly lines, electronic assembly lines and conveyor belt systems for stores and airports.

Song Thu Firm in Da Nang under the Defence Ministry on February 22 nd signed a mechanic processing contract with the Japanese group of Daifuku to produce automobile assembly lines, electronic assembly lines and conveyor belt systems for stores and airports.

Under the agreement, the two partners will found a join-venture named Song Thu-Daifuku in the Hoa Cam Industrial Park, Da Nang City with its initial capital of VND 50 billion.

The joint-venture is expected to generate some VND 500 billion per year after the construction has been finished, according to Song Thu leaders.

Deputy-Chairman of the Da Nang People’s Committee, Phung Tan Viet said that the cooperation between Song Thu and Daifuku will also bring social and economic benefits for the City and become a driving force for the City to boost the production of high-quality mechanic products.

“This has hinted at a new industrial development direction for the City,” said Mr. Viet at the signing ceremony.

Source: TT

Translated by Thu Nguyen

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