Singaporean company increases investment capital by 150 million USD in Nghe An
The proposal of the investor whose parent company is from Singapore has just been approved by the Standing Committee of Nghe An Provincial Party Committee.
Accordingly, Luxcase Precision Technology Co., Ltd. (Vietnam), a subsidiary of Casetek Singapore Pte.Ltd, has proposed to increase its investment capital from 24 million USD to 174 million USD, an increase of 150 million USD compared to the original, to invest in additional costs for machinery, equipment for production, and construction costs.
The scale of the investment project in Nghe An of Luxcase Precision Technology Co., Ltd. also increased significantly from 7.2 million products/year to 13.61 million products/year. The project implementation location is at VSIP Nghe An Industrial, Urban and Service Park.
Previously, in January this year, at the Conference to announce the Nghe An Provincial Planning for the period 2021 - 2030, with a vision to 2050 and the Project to adjust the overall planning for the Southeast Nghe An Economic Zone to 2040, the leaders of Nghe An province awarded the Investment Registration Certificate to Luxcase Precision Technology Co., Ltd. (Vietnam) at VSIP Nghe An Industrial, Urban and Service Park with a total investment of 24 million USD.
According to the report of the Party Committee of the Provincial People's Committee recently submitted to the Standing Committee of the Provincial Party Committee, the total newly granted and adjusted FDI capital increased from the beginning of 2024 to present in Nghe An province reached 291.6 million USD.
