Ship cable factory inaugurated in Danang

The opening ceremony of Vietnam's first ship cable factory. (Photo: Vietnam Plus)
The Middle Area Construction & Shipbuilding Industry Co., Ltd. (Macshinco) under the Vietnam Shipbuilding Industry Group (Vinashin) inaugurated a ship cable factory in the central city of Danang on May 23.

Covering an area of 45,000 sq.m at the Hoa Khanh Industrial Park in Lien Chieu district, the US$20 million factory is designed to have a capacity of 8,000 tons of products per year.

Equipped with modern machines from Europe, the factory, the first of its kind in Vietnam , will produce electric wires and cables serving the shipbuilding industry together with industrial and civil cables.

According to Macshinco Director Tran Quang Tuan, the factory expects to earn over VND500 billion in revenues each year.

Source: Vietnam News Agency

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