Laird to Open New Components Factory in Vietnam
Published on: 9th Jan 2014
By: Ian Mansfield
Wireless components manufacturer Laird has announced that it is opening a new manufacturing facility in Vietnam and the expansion of a Design Centre in Seoul South Korea.
The manufacturing facility near Hanoi will principally manufacture EMI products for the global smartphone and portable electronic device market. The factory will be equipped over the next quarter, with production starting early in the second quarter of 2014.
The design teams in Seoul will work with the Hanoi facility as well as with an existing site in Shenzhen, China.
The overall cost of investment will be approximately USD7 million in 2014 with a further US$3-5 million in 2015.
David Lockwood, Chief Executive, commented: "This is an important development for Laird as it expands our design and manufacturing capabilities for our Asian customers. As we said a year ago, we would not only diversify our customer base, but focus on those customers and markets which exhibit good growth characteristics."