The Taiwanese motorbike producer Kymco Group officially opened its new US$20 million factory at the Dai Dang Industrial Park in southern Binh Duong province on May 19.
As part of the group’s long-term strategy, the newly built factory is set to become a manufacturing centre supplying motorbikes and components to the entire Southeast Asia region and several European countries, such as Germany, France and Italy .
At the opening ceremony, Vice Chairman of the provincial People’s Committee, Tran Thanh Liem, spoke highly of the hi-tech project, which satisfied all local requirements for an investment.
Three new product lines were introduced to the public the same day, including Many S 50cc bikes suitable for young customers and the K-Pipe 125cc and Xciting 400 models.
Kymco Group has established two factories and a number of showrooms in Vietnam.