*NEWS*BROTHER:ANOTHER FACTORY IN VIETNAM

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*NEWS*BROTHER:ANOTHER FACTORY IN VIETNAM

 user 2006-03-15 at 11:45:00 am Views: 48
  • #14824

    Brother to build sister factory in Hai Duong
    Japanese-owned
    Brother Industries Ltd recently announced it had been issued a licence
    to establish a wholly-invested subsidiary in Hai Duong province’s Phuc
    Dien Industrial Zone.

    Hachiro
    Hasegawa, general director of Brother Industries Vietnam, said the
    subsidiary would build a US $40 million factory with a capacity to
    produce up to 30,000 units of communications products, including
    printers and fax machines, for export each month.
    Brother
    Industries, which signed a lease agreement with the Nam Quang
    Infrastructure Investment and Development Joint Stock Company, said it
    selected Vietnam for the new factory because of the nation’s advantages
    in terms of labour quality and cost, and its stable socio-political
    situation.
    Construction work on the 75,000 square metre factory,
    located 45 kilometres south-east of Hanoi, is scheduled to begin in
    April, and the company says the factory should be operational by April
    2007.
    Phuc Dien 1 and Phuc Dien 2 industrial zones are expected to
    draw up to US $300 million of investment from 30 suppliers associated
    with the project by 2007