Misumi Vietnam Co, an affiliate of Japanese Misumi Group, made its debut on Wednesday in the northern province of Bac Ninh.

Located in the Tien Son Industrial Zone, the company manufactures and distributes standard components for factory automation, press die and plastic mold.

“In Viet Nam, foreign direct investment, especially in areas such as mobile phones, electrical machinery or electronic manufacturing, is still growing. MISUMI Vietnam is targeting the capture of customer needs in those industries, particularly focusing on Japanese and Korean companies, by leveraging our existing business relationship in Japan and Korea,” company general director Yasuo Shimokura told reporters.

He said, in the long term, the company also wanted to penetrate Viet Nam’s local manufacturing sector, including small and medium-sized enterprises.

“I believe MISUMI Vietnam can contribute to further development of supporting industries in Viet Nam by providing various high quality products in short and accurate time and with reasonable prices,” he noted.

During the event, vice chairman of the provincial People’s Committee Nguyen Huu Thanh spoke highly on the company’s debut, saying it would contribute to fostering the province’s industry development.

He vowed local authorities would create the most favourable conditions for the company in doing business in Bac Ninh, which was striving to become an industrial province by 2020. — VNS