Korean Corporation Builds Aircraft Engine Spare Part Factory in Vietnam
Hanwha Techwin is seeking opportunity to expand capacity through opening factory abroad and they chose to set up factory in Vietnam . Hanwha Techwin Corporation from Korea has selected a 10 hectares site on the suburb of Hanoi to build a factory manufacturing aircraft engine spare parts. The Corporation is now waiting for the Vietnamese Government to approve the project. If licensed, Hanwha Techwin will start construction of the factory in August 2017 and begin operation in the second quarter of 2018. This factory covers an area of 6ha, 8 …
Panasonic Moved Its Factory from Thailand To Vietnam
Panasonic will close a large factory outside Bangkok - Thailand early this fall and move production to set up factory in Vietnam to get better production efficiency. Specifically, according to Nikkei, Panasonic's factory in Bangkok will stop producing washing machines in September 2020 and refrigerators in October 2020. The plant itself will be closed in March 2021, a research and development center will also be closed. About 800 employees currently working at the factory in Bangkok will be laid off, but will also be recruited to new …
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