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Japan's Kyocera Corp plans an expansion worth US$57.8 million in Viet Nam this year. — Photo quantrimang
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HA NOI (Biz Hub) — Japan's Kyocera Corp plans an expansion worth US$57.8 million in Viet Nam this year in an effort to shift part of its high-cost Chinese operation to the country.
By March 2018, its factory in the northern city of Hai Phong is expected to produce two million units of multi-purpose printers each year, quadrupling the current level.
Construction on a new facility producing metal moulds and plastic components will also begin no later than this August.
The workforce is expected to triple to 5,000 with over 200 employees working in research and development.
Kyocera currently produces over two million multi-purpose printers annually, mostly in China. Europe accounts for the largest market share, especially Russia and Turkey.— VNS