Kyocera Mita to build printer plant in VN: Nikkei
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Japanese Kyocera Mita Corp has decided to invest some 20 billion Japanese yen ($248 million) for setting up and running a plant manufacturing laser and multifunction printers in Vietnam’s northern coastal city of Hai Phong in this quarter, newswire Nikkei reported.
Among the investment, it will set aside some $55 million to establish its Vietnamese subsidiary, Kyocera Mita Vietnam, within this month, said Nikkei.
The $62.5 million plant, covering around 7 hectares in an unrevealed local industrial park, is scheduled to be operational in October 2012 with 1,000 workers and annual capacity of 150,000 printers.
The plant will employ 5,000 workers to triple its capacity to 450,000 printers by 2016.
By then, the plant will be Kyocera Mita’s biggest production facility worldwide, surpassing the scale of the current biggest one in China’s Guangdong Province.
Kyocera Corp in late April this year told Nikkei that it will spend 30 billion Japanese yen to construct an electronic parts and telecommunications equipment factory on an area of 40 hectares in the suburbs of Vietnam’s capital city of Hanoi.
Kyocera Corp in late April this year told Nikkei that it will spend 30 billion Japanese yen to construct an electronic parts and telecommunications equipment factory on an area of 40 hectares in the suburbs of Vietnam’s capital city of Hanoi.
The plant, which will be on a par with Kyocera's largest overseas factory in China, will churn out electronic components used in cellular phones, personal computers and other devices, as well as copiers for subsidiary Kyocera Mita Corp.
The parts and equipment will be exported to China, Europe, the US and Japan.
"We're expanding facilities in areas of Asia outside of China, where we already have a manufacturing base," President Tetsuo Kuba told Nikkei.
