Home Economy

Japan’s Lixil to increase investment in Vietnam

Mar 30th at 13:30
30-03-2015 13:30:23+07:00

Japan’s Lixil to increase investment in Vietnam

Building materials and housing equipment producer Lixil Global Manufacturing Vietnam, a subsidiary of Japan’s Lixil Group, is going to increase investment in Vietnam and extend its product lines at its Vietnamese factories according to president Shinji Ito.

The firm intends to raise its localisation rate of components up from the current 85 per cent. Lixil Vietnam currently produces sanitary ware brands American Standard and Inax and aluminium doors and windows under the Tostem trademark. The company currently has plants in Hanoi, Hung Yen, Quang Nam, Ba Ria-Vung Tau and Binh Duong with the total investment capital of $222 million.

vir

MOST READ

NEWS SAME CATEGORY

Japanese printer makers to turn Vietnam into manufacturing base
ECONOMY Mar 30th at 13:29

Japanese printer makers to turn Vietnam into manufacturing base

Fuji Xerox, Kyocera, and Canon are strengthening the role of their Vietnamese production facilities so as to cater to the growing global demand.

Vietnamese SMEs to take opportunities by moving to e-commerce
ECONOMY Mar 30th at 13:27

Vietnamese SMEs to take opportunities by moving to e-commerce

The role and trends of e-commerce as well as the benefits of online trade were the highlights of a recent seminar jointly held by the Khanh Hoa Association for...

Retail, service sectors post encouraging growth in Q1
ECONOMY Mar 30th at 11:09

Retail, service sectors post encouraging growth in Q1

The total retail sales and service revenue earned in the first quarter this year was VND790.8 trillion (US$37.13 billion), according to data from the General...

Can Tho City seeks Japanese investment
ECONOMY Mar 30th at 11:03

Can Tho City seeks Japanese investment

Officials in Cuu Long (Mekong) Delta city of Can Tho have asked Japanese investors to fund seven local projects.

Main facility in $1.5bn LG production campus opens in Vietnam
ECONOMY Mar 28th at 20:53

Main facility in $1.5bn LG production campus opens in Vietnam

The newest production facility in Vietnam of LG Electronics (LG) was officially opened in the northern city of Hai Phong on Friday.

U.S. invests $700mln to support wind power development in southern province
ECONOMY Mar 28th at 20:52

U.S. invests $700mln to support wind power development in southern province

The U.S. Trade and Development Agency (USTDA) on March 26 awarded a US$700 million grant to a Vietnamese company to develop a 300-megawatt (MW) wind power project...

LG opens new plant in Hai Phong
ECONOMY Mar 28th at 20:38

LG opens new plant in Hai Phong

LG Electronics (LG) announced the opening of its newest production facility in Viet Nam, with the completion of the main building in the northern Hai Phong port...

To survive in new free-trade climate, businesses must cooperate: economists
ECONOMY Mar 28th at 20:33

To survive in new free-trade climate, businesses must cooperate: economists

Viet Nam is in the process of reaching various free trade agreements (FTA) with its partners, and for survival and growth, they should seek opportunities and...

VN tops outsourcing location index
ECONOMY Mar 28th at 20:31

VN tops outsourcing location index

Viet Nam has become the world's top outsourcing location for the first time in terms of costs, risks and operating conditions, according to a study by global real...

US awards $1 million grant for wind power
ECONOMY Mar 28th at 20:28

US awards $1 million grant for wind power

The US Trade and Development Agency (USTDA) on Thursday awarded a non-refundable grant worth US$1 million to Cong Ly Construction-Trade-Tourism Ltd. Co. for a...

Read More

MOST READ

Back To Top