Marquardt Group of Germany expects to invest 35-50 million USD to build an auto parts manufacturing factory in Da Nang.

The information was released by Vice President Asia at Marquardt Group, Peter Schaumann, during a meeting with Da Nang authorities on June 28.

Construction of the plant will be carried out over two to three years and employ some 600 workers, 200 of them being engineers and high-end technicians.

Representatives of Marquardt Group and Da Nang at the meeting (Photo: baodautu.vn)

Da Nang municipal People's Committee Vice Chairman Tran Van Mien said the city had sufficient infrastructure, such as industrial parks and high-tech zones, which have been systematically developed and is prepared to receive new investors.

Vice Chairman Mien noted that Da Nang has always opened its door to large business groups, especially investors from Germany.

Earlier, the Marquardt Group worked with representatives of local departments to discuss future issues related to the proposed auto parts factory.

(Source: VNA)