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VietNamNews

Japanese sanitary company prepares for heavy investment in Binh Duong

Update: May, 18/2013 - 09:05

HA NOI (VNS)— Japan's Lixil Group wants to expand its American Standard sanitary ware factory in the southern province of Binh Duong, Group Chairman Toshimasa Iue said during a recent visit to the province to seek investment opportunities.

Its original factory, with initial invested capital of US$16.5 million, went into operation in 1997. The factory is capable of producing 400,000 units of products annually.

In 2011, American Standard decided to double its production capacity and now plans to increase productivity to meet rising consumer demand.

Last November, the group opened a $441 million factory producing building materials in Long Duc Industrial Zone in the southern province of Dong Nai. Lixil now has 11 factories in Viet Nam and has committed to investing more in the country in the next decade.-VNS


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