CCIPY Viet Nam Co, a member of the US-based Coilcraft Group, started construction on an electronic component factory in the An Phu Industrial Zone in Tuy Hoa City of the central coastal province of Phu Yen on Saturday. — Photo baodautu.vn
CCIPY Viet Nam Co, a member of the US-based Coilcraft Group, started construction on an electronic component factory in the An Phu Industrial Zone in Tuy Hoa City of the central coastal province of Phu Yen on Saturday.
This will be the first factory of its kind in Phu Yen. It has a design capacity of 500 million items per year, and it will mainly produce RF wirewound chips and electromagnets, all for export, vietnamplus.vn reports.
Koo Heng Sheong, Director General of CCIPY Vietnam, said the US$5.7-million factory is part of Coilcraft’s goal to develop production in Asia.The facility, which covers an area of 2.7ha, will be put into use in January 2018, offering job opportunities for about 2,000 local workers. — VNS