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COPYRIGHT 2005 Asia Pulse Pty Ltd
Business in Asia on June 20, 2005. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
WORK BEGINS ON US$60 MLN HONDA VIETNAM AUTO PLANT
HANOI - Construction of Honda Vietnam's new car factory began on June 17 in Phuc Yen town in the northern mid-land province of Vinh Phuc. The US$60 million factory will be built on an area of 17,000 sq.m. Once completed in July 2006, the factory will be equipped with a full assembly line with advanced technology, enabling it to produce 10,000 cars per year. When the factory is operating, Honda Vietnam will become the largest car manufacturer in Vietnam and will raise its registered capital from US$45.4 million to $62.9 million.
LIHIR GOLD TO SPEND UP TO $US160 MLN TO EXPAND GOLD OUTPUT
SYDNEY - Papua New Guinea gold miner Lihir Gold Ltd (ASX:LHG) will spend Up to $US160 million to expand its gold production capacity. Managing director Neil Swan said the installation of a three million tonne capacity flotation plant would...
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