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Greatstar Industrial plans to set up company in Vietnam

October 12, 2018


Abstract : Hangzhou Greatstar Industrial Co., Ltd. (002444.SZ), one of the largest hand tool manufacturers in Asia, announced Thursday that the company will invest 30 million U.S. dollars to set up a manufacturing base in Vietnam.

巨星科技

BEIJING, Oct.12 (Xinhua) -- Hangzhou Greatstar Industrial Co., Ltd. (002444.SZ), one of the largest hand tool manufacturers in Asia, announced Thursday that the company and its wholly-owned subsidiary, Great Star Industrial USA, LLC, will invest 30 million U.S. dollars of its own funds to set up a manufacturing base in Vietnam.

According to the company's announcement, in response to the currently complicated and changeable international trade environment, the new overseas manufacturing base in Vietnam will help adjust its global manufacturing division and ensure its sustainable development. (Edited by Wu Shuang, wushuang2018@xinhua.org)


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