Joint Wise Corporation, under Hong Kong-based Kam Kiu Aluminium Group, signed a cooperation agreement with Dai Phong Infrastructure Construction Joint Stock Company for the joint development of a project with a worth of nearly US$100 million.

The project, covering an area of 12.2 hectares, will be located in My Thuan Industrial Park in the northern province of Nam Dinh. It will be a base to produce high-quality aluminum alloy for automobile components and electronic items, with an annual capacity of 100,000 tons of aluminum bars.

As Kam Kiu’s first project abroad, the project will adopt a modern, high-tech equipment system of the G7 economies and will be in line with strict environmental requirements.