Japan's Meiko Electronics Co. Ltd. has laid the foundation stone for the construction of an electronic printed circuit board factory in Hoa Binh Province with a total investment of $200 million, the company's fifth venture in Vietnam.
On Saturday, April 14, 2024, the company held a groundbreaking ceremony at the PCB factory in Bo Trai Song Da Industrial Park in the province's eponymous city in the presence of Vietnamese Prime Minister Pham Minh Chinh, Director and Executive Vice President of Meiko Electronics Atsushi Sakate and other participants. The 9.2-hectare plant will be built at a cost of $200 million, Meiko said.
The Hoa Binh plant will produce electronic printed circuit boards for peripherals, computers, electronics, audio-visual equipment, solar panels, microprocessor chips and controllers. Meiko plans to conduct trial operations at the new facility in the second quarter of this year before starting official production, according to Vietnam Television (VTV).
After reaching full production capacity in 2030, the plant is projected to employ about 3,000 people and bring in about 8 million dollars annually to the State budget, the company said.
Speaking at the ceremony, Prime Minister Chinh congratulated the Hoa Binh administration and Meiko on the construction of the new plant and expressed confidence that local authorities would provide maximum support to the project and the investor would fulfill its commitments, VTV reported, citing the Vietnamese leader.
The Hoa Binh plant will produce electronic printed circuit boards for peripherals, computers, electronics, audio-visual equipment, solar panels, microprocessor chips and controllers. Meiko plans to conduct trial operations at the new facility in the second quarter of this year before starting official production, according to Vietnam Television (VTV).
After reaching full production capacity in 2030, the plant is projected to employ about 3,000 people and bring in about 8 million dollars annually to the State budget, the company said.
Speaking at the ceremony, Prime Minister Chinh congratulated the Hoa Binh administration and Meiko on the construction of the new plant and expressed confidence that local authorities would provide maximum support to the project and the investor would fulfill its commitments, VTV reported, citing the Vietnamese leader.