Pinaco to build 13 million USD battery plant

The Dry Cell and Storage Battery Joint Stock Company (Pinaco) has said that it will invest 208 billion VND (13 million USD) in building a battery plant with an annual capacity of 900,000 kWh in southern Dong Nai province.

Pinaco - Viet Nams largest dry cell and battery producer - had signed a deal with the Tan Tao Investment Joint Stock Company to lease more than 60,000 sq.m in the Nhon Trach Industrial Zone for the purpose.

The company expects that the plant, once fully operational in 2015, will help double its current battery output.

The business set a target of producing 315 million dry cells and nearly 1 million kWh of batteries this year.

(Source: VNA)