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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
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