CADI-SUN® Vietnam cooperates with COSMOLINK Corporation-Korea to invest in $20 million project

Thứ sáu, 28/12/2007 | 00:00 GMT+7
On December 23, 2007, in Hanoi, Thuong Dinh Electrical Wire and Cable Joint Stock Company CADI-SUN® (Vietnam) and COSMOLINK Corporation (Korea) organized the Investment and Consultant Cooperation Contract Signing Ceremony on technology transfer (overall management – technology – sales marketing and export) for the investment project on a new company in Dong An Industrial Zone No.2 in Binh Duong province with the initial value of USD 20 million.
According to the contract, COSMOLINK will officially transfer the system of cable producing assembly line (low voltage, medium voltage, high voltage, subterranean; telecommunication and information cable, etc) to CADI-SUN® Company.
The objective of CADI-SUN® is to export electric wire and cable to foreign countries, particularly high-tech ones. Hence, in order to meet the requirements of medium voltage cable production and telecommunication cable, CADI-SUN® must have large factory, modern and synchronic technology, and highly professional ISO and 5S quality management system. Then, the Company has invested about USD 20 million to build a company with the area of 7 ha in Dong An Industrial Zone No.2 in Binh Duong province. Korean directors are hired to directly manage the project, so the modern assembly line can totally manipulate the technology, and outgoing products will have as superior quality as other products in the same industry of developed countries in the world.
The cooperation between CADI-SUN® and COSMOLINK is not only for the common objective of “to cooperate, share, develop and succeed together” but also for the development of the satisfactory commercial outlets and sustainable relationship between the two countries Vietnam and Korea.
T.P