Southeast Asia’s Biggest Cable Factory Opens in VN

The biggest cable factory in Southeast Asia, the Taihan-Sacom joint venture plant in Dong Nai Province’s Long Thanh Industrial Park, was inaugurated yesterday.

The telecommunication cable production line of the Taihan-Sacom Company

The new facility makes power, optic and telecommunication cables along with copper and aluminum rods.

The first medium and high-voltage power cables for local sale and export were produced on the inauguration day.

The US$40-million plant occupying 15 hectares employs more than 600 people and can turn out 25,000 tons of power cable and 6,000 tons of telecommunication cable per annum.

It also has workshops to cast and roll 6,000 tons of bronze and 20,000 tons of aluminum per year.

The TSC joint venture between South Korea’s Taihan and the Vietnamese listed firm Cable and Telecommunication Materials (Sacom) has chartered capital of US$28 million. Taihan, one of South Korea’s leading cable producers, holds a 70 per cent stake.

By Anh Khue – Translated by Yen Chuong

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.