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VietNamNews

Nidec to open $40m plant

Update: July, 20/2012 - 10:01

HCM CITY — Nidec Seimitsu Viet Nam Corporation has got a licence to build a US$40 million manufacturing plant in the Sai Gon Hi-tech Park (SHTP), specialising in producing cellphone motor.

Construction work will start this month and is expected to be completed by the end of this year. The plant is projected to produce 45 million units per month with a revenue of US$8 million.-VNS

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