Japan’s Lixil to increase investment in Vietnam
Building materials and housing equipment producer Lixil Global Manufacturing Vietnam, a subsidiary of Japan’s Lixil Group, is going to increase investment in Vietnam and extend its product lines at its Vietnamese factories according to president Shinji Ito.
The firm intends to raise its localisation rate of components up from the current 85 per cent. Lixil Vietnam currently produces sanitary ware brands American Standard and Inax and aluminium doors and windows under the Tostem trademark. The company currently has plants in Hanoi, Hung Yen, Quang Nam, Ba Ria-Vung Tau and Binh Duong with the total investment capital of $222 million.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Low emissions to stem from advances in rice (April 17, 2024 | 08:49)
- Lotte Rental enters Vietnam's car rental market (April 16, 2024 | 18:46)
- Samsung returns to top of the smartphone market: industry tracker (April 16, 2024 | 18:00)
- VitaDairy partners with KPMG Vietnam on digital transformation (April 16, 2024 | 16:38)
- Boeing says testing of 787 proves aircraft is safe (April 16, 2024 | 16:00)
- PwC rejects allegations on Evergrande audit (April 16, 2024 | 14:39)
- VinFuture Fund launches InnovaConnect 2024 event series (April 16, 2024 | 09:00)
- Vietnam’s agricultural products appeal to foreign customers (April 15, 2024 | 17:04)
- Businesses press for EPR guidelines (April 15, 2024 | 17:00)
- Planning for 30 airports to complete by 2025 (April 15, 2024 | 16:56)
Mobile Version