Work starts on Panasonic factory

Tuesday, Apr 16, 2013 12:02

BINH DUONG (VNS) — Construction started yesterday on a factory that will produce wiring devices and circuit breakers at the Viet Nam – Singapore Industrial Park II in southern Binh Duong Province.

The factory, owned by Panasonic Eco Solutions Viet Nam (PESVN), will cost US$19million and manufacture devices for the local market.

Its planned production capacity of 27 million units of wiring devices and 12 million units of circuit breakers in the first year of production, is hoped to double by 2018.

The manufacturing facility is set to begin production in April 2014. — VNS

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