The Japanese electronic giant Toshiba Corporation announced plans to spend 77 million USD on building a new manufacturing and sales base in Vietnam to meet growing demand for high-efficiency, environmental friendly motors in the global market.
The new company, Toshiba Industrial Products Asia Co. Ltd., will be located in Amata Industrial Park of Dong Nai province, and will manufacture high-efficiency industrial motors rated at under 100 horsepower, plus their parts, local media reported.
The start of construction is scheduled for April 2009, and the plant will come on line in September 2010, the company said.
When the new facility reaches full capacity in 2015, it will be able to manufacture up to 1.2 million high-efficiency industrial motors a year, including key components, as required by the market.
The initial product line will include parts for export to North America, later expanding to China, Southeast Asia and Japan, the company said. - PNA
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