10:02 | 01/10/2014 Companies
(VEN) - Japan’s Toshiba Corporation announced its Business Vision for Southeast Asia on September 24 including expanding its business in Southeast Asia and investing US$1 billion in the region over the next five years to increase its revenues by two-fold to US$7 billion.
President and CEO of the Toshiba Corporation Hisao Tanaka said that Southeast Asia has long been a strategic manufacturing hub for Toshiba’s major businesses, including semiconductors, hard disk drives and SSD in the Storage business, transmission and distribution equipment and industrial motors, and TVs and home appliances.
A recent survey showed that 33 percent of people in Southeast Asia (the highest percentage) consider Japan as the most reliable partner.
So far this year Toshiba has developed several major projects in Vietnam such as providing two steam turbines and a 600MW generator for the Vinh Tan 4 Thermopower Plant in Binh Thuan Province and generators for the Vung Ang 1 Thermopower Plant in Ha Tinh Province and the Thai Binh 2 Thermopower Plant in Thai Binh Province.
In addition, to reduce traffic congestion and improve logistics in Vietnam, Toshiba has provided an intelligent transportation system (ITS) for the Vietnam Expressway Investment and Development Corporation (VEC), in order for it to install along the 55km Ho Chi Minh City-Dau Giay section of the North-South Expressway./.