Tokyo based major steel wire rope maker, Tokyo Rope Manufacturing held opening ceremony for Vietnamese wire rope making subsidiary, Tokyo Rope Vietnam on Friday. The third offshore plant for the firm makes high grade elevator rope to supply to China and Southeast Asia. The new plant expands the output to annual 6,000 tonnes in 2 years from start of 2,400 tonnes. The firm plans to expand the operation to 36,000 tonnes for 1 billion yen establishing export base for Asia and Europe.
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