HD Hyundai Eco Vina breaks ground on 116 million tank plant in Quang Ngai
Construction begins on over 26 hectare independent tank production zone in Dung Quat Economic Zone with a total investment of 116 million
On August 15, HD Hyundai Eco Vina Co., Ltd. marked the commencement of construction for an eco-friendly independent tank production facility in the Dung Quat Economic Zone of Quang Ngai. The $116 million project, occupying 26 hectares, is expected to take 12 months to complete. The facility will specialize in manufacturing various types of independent tanks for the maritime industry, complementing the company's traditional port crane and plant module segments.
This strategic investment will solidify independent tanks as a core product line within HD Hyundai Eco Vina's future business structure while serving as a strategic production base for supplying tanks to HD Hyundai Group's global shipbuilding operations. The eco-friendly technological processes employed underscore the company's commitment to sustainable development and emissions reduction.
Speaking at the event, Nguyen Duc Tam, Chairman of Quang Ngai People's Committee, emphasized that this $451 million (including the $116 million expansion) project, spread across 101 hectares, is strategically designed to create a state-of-the-art manufacturing hub for high-tech port cranes and tanks, aligning with the national focus on green development, emission reduction, and sustainable growth.
The project aims to retain 1,500 existing workers while recruiting and training an additional 1,500 local employees, generating a significant spillover effect that will boost supporting industries, increase state budget revenue, and elevate Dung Quat Economic Zone's standing on the national and international industrial maps.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
