10:35 | 12/06/2015 Investment
The Japan-based Tabuchi Electronic Co. Ltd., a renowned manufacturer of power components and transformers, will invest 1.5 billion JPY (US$12.1 million) in building a workshop in its plant in Vietnam’s northern Bac Ninh province.
Under the company’s plan to increase production in Vietnam, the workshop will be able to manufacture an additional 60 million units in 2016, up 20% from the plant’s current output.
Among the products, power components used in printers and photocopiers will be sold to office machine manufacturers which are looking to move their production from China to Southeast Asian countries. Meanwhile, electric automotive components will be exported to Japanese companies in Thailand.
Tabuchi also plans to transfer production technology to its plant in Vietnam.
In the 2014 fiscal year, which ended in March, 80% of the company’s revenue came from the production of electric equipment used in solar inverters. Increasing its output in Vietnam is part of its plan to persify its products and expand its markets in Asia./.