Investment

Nissei Technology Vietnam Co Ltd spends USD12.5 million on production expansion

TUESDAY, 19/02/2019 11:20:44

The wholly Japanese-invested Nissei Technology Vietnam Co., Ltd. in Phuc Dien industrial zone (Cam Giang) has spent more than VND292.5 billion (about USD12.5 million) on production expansion.

In 2006, the company hired about 4 ha of land to build a factory producing and assembling electronic components and devices in the industrial zone with an initial investment of more than USD16.6 million.

After many times of capital increase, the company has so far spent a total of over USD42.2 million.

As planned, after production expansion, the factory will manufacture the registered products with an annual scale of 700 products – 2 billion sets of products, depending on each type.

The company also exports, imports, and wholesales goods with a turnover of around USD5 million/ year.

It is expected that by this April, the expanded works will have been put into official and synchronous production.

LAN NGUYEN

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