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VIETNAM GIVES OK TO KYOCERA MITA FOR NEW $200M. PRINTER FACTORY
Hai Phong okays Japan’s printer factory project
Vietnam :The Hai Phong city People’s Committee granted an investment certificate to Japan’s Kyocera Mita Vietnam Technology company to build a factory producing printers and multifunctional photocopiers on July 5. Construction of the factory is scheduled to start in October this year on an area of 20 hectares in the Vietnam-Singapore Industrial Park (VSIP Hai Phong) with a total investment of over US$200 million.Once operational in October, 2012, the factory will have an annual capacity of 150,000 units which will increase to 450,000 in 2016 and generate jobs for 5,000 local workers.
VSIP Hai Phong sits on a site of 1,600 hectares in the Dinh Vu-Cat Hai Economic Zone. Over the past six months, Hai Phong city has attracted 11 newly licensed foreign direct investment (FDI) projects worth US$39.6 million. The province now has 304 valid FDI projects with a total capital of over US$4.6 billion.
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