A Thinh Phat Cables (Thipha) worker conducts a check at the company's factory. Thipha was established in 1987 in HCM City and is the second largest manufacturer of electrical wires and cables in Viet Nam. — Photo thiphacable.com
HANOI, April 29 (Vietnam News/ANN) - Thailand's Stark Corporation has completed the acquisition of Viet Nam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined value of US$240 million.
The transaction was done through Stark Corporation’s subsidiary Phelps Dodge International (Thailand) Co Ltd, a leading Thai and Southeast Asian wire and cable manufacturer.
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