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Work starts on USD 100 million Korean-invested factory in Haiphong
10/06/2015 - 08:33
Work starts on USD 100 million Korean-invested factory in Haiphong

On the afternoon of 3rd June, at the City Convention Centre, Hai Phong People’s Committee granted the investment certificate to the Haengsung Electronics Vietnam Co., Ltd.

With a total investment of USD 100 million, up to the present time, this is the largest satellite factory of Haengsung Electronics in Vietnam. On an area of 10 ha, the factory will provide electronic components for LG Technology Combination in Trang Due industrial park, Dinh Vu - Cat Hai economic zone.

The factory specializes in manufacturing and assembling electronic integrated circuits, electronic circuit boards for electronic products, telephones and home appliances with a capacity of 4.77 million electronic boards, 6.864 million chips for phones, 3.96 million electronic boards, and more than 2 million chips for home appliances.

As planned, the plant will complete the construction in February 2016; install machinery and equipment in April 2016, run trial operation and come into stable production January 2017.

The Haengsung Electronics Vietnam Co., Ltd. is  100% Korean-invested company. In the coming time, the company intends to recruit more than 500 local employees.

 

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