Toshiba establishes new manufacturing base

HCM City (VNA) - Toshiba Corp. announced on Dec. 24 that it would meet the growing demand for high-efficiency motors in the global market by establishing a new manufacturing and sales base in Vietnam.

Toshiba said it selected Vietnam as home to the new motor manufacturing base for
reasons of the ability to secure talented human resources, and advantageous
logistics to the worldwide market, particularly North America and Asia .

The new company, Toshiba Industrial Products Asia Co. Ltd., will be located in
southern Dong Nai province and will manufacture high-efficiency industrial motors
rated at under 100 horsepower, plus their parts.

The company will construct a factory on 8ha in Amata Industrial Park . Work is
scheduled to begin in April 2009. Operation is expected to start in September 2010.

Total investment in facilities construction and manufacturing equipment is around 77
million USD.

When the new facility reaches full capacity in 2015, it will be able to manufacture
up to 1.2 million high-efficiency industrial motors a year, including key
components, as required by the market.

As the new company ramps up its business, its initial product line will include
parts for export to North America .

It will subsequently start exports to China , Southeast Asia and Japan , toward
achieving a 210 million USD sales target by 2015.-Enditem