The new company, Toshiba Industrial Products Asia Co Ltd, will be located in Vietnam's Dong Nai province, and will manufacture high-efficiency industrial motors rated at under 100 horsepower, plus their parts, Toshiba said.
The company will build a factory at Amata Industrial Park in Dong Nai province, on the outskirts of Ho Chi Minh City. The start of construction is scheduled for April 2009, and the plant will come on line in September 2010, the company said.
The site has an overall area of 80 thousand square metres, and the total investment in facilities construction and manufacturing equipment is expected to be in the region of 77 million dollars.
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, the company said.
The initial product line will include parts for export to North America, later expanding to China, Southeast Asia and Japan.
Toshiba already has three manufacturing bases - Toshiba Industrial Products Manufacturing Corporation in Japan, Toshiba Dalian Co Ltd in China, and Toshiba International Corporation in the United States.
A growing awareness of the need for enhanced environmental protection has spurred demand for high-efficiency motors that consume less power and emit less carbon dioxide, the company said.
courtesy from :Sahil Nagpal on Wed, 12/24/2008
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