|Representatives of Quang Ngai Province give an investment license for Sumida Electronic to build the construction of a US$10-million factory on April 5.— Photo quangngai.gov.vn
HA NOI (VNS) — Sumida Electronic Vietnam Ltd began construction on a US$10-million factory in the central province of Quang Ngai on Sunday.
The factory will cover 30,000sqm in the province's Tinh Phong Industrial Zone in Son Tinh District. It is scheduled to start operating in January 2016 and is expected to produce about 12 million transformers and 120 million other electronic components each year for export.
It will also create more than 1,200 jobs for local workers.
Sumida Electronic Vietnam Ltd belongs to Japanese Sumida Company. It set up its first factory in Hai Phong in 2010. It specialises in manufacturing signal products, power inductors and other related components used in household electronics, automated components and medical equipment. — VNS