Fuji Xerox invests US$110 mil to build a factory in Vietnam
(VOV) - Fuji Xerox Co, Ltd has decided to invest US$110 million to build a factory at Vietnam-Singapore Industrial park in Hai Phong city.
At a press conference on December 4, Executive Vice President and Director of Fuji Xerox Co, Ltd, Hitoshi Fujiwara, said that the construction of this factory is part of the company’s plan to increase productivity and expand business around the globe.
Construction work on an area of 176,700 square metres will start in January, it scheduled for completion in December next year.
The factory will provide 500 jobs for local labourers in the initial stage and around 3,000 jobs when it goes into stable operation.
Mr Fujiwara said that the factory will produce digital colour multifunction devices and small-sized light-emitting diode (LED) printers with a design capacity of around 2 million units per year as well as printed wiring boards and drum cartridge components for domestic consumption and export to other markets in the Asia-Pacific, the US and Europe.
Fuji Xerox representatives said that they selected the location of factory in the northern port city of Hai Phong due to its convenient transport network. Moreover, Vietnam is advancing steadily in the industrialisation process.
Mr Fujiwara said after the factory in Hai Phong is put into operation, the company will build another in Vietnam-Singapore Industrial Park in the future.