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Hanwha Techwin has announced that its new 54,543m2 factory at the Que Vo Industrial Park in the Bacninh Province of Vietnam is now fully operational.
The company decided in April 2017 to continue the expansion of its global security business by way of $100m investment in the new Vietnam based facility, as supported by the Vietnam government’s ‘Friendly policy’ and the securing of various logistics channels for import and export through land and neighbouring ports.
The new facility offers Hanwha Techwin the opportunity to considerably increase manufacturing output and reduce costs. Logistics will also be greatly improved, so that orders from the company’s distribution partners are fulfilled more efficiently and on time, the company says.
Bob (H.Y.) Hwang Ph.D., Managing Director of Hanwha Techwin Europe said: “I am pleased to report that a significant percentage of Wisenet video surveillance products will be shipped from Vietnam from the beginning of January 2019. This is a very exciting time for Hanwha Techwin’s security business. Our new manufacturing facility and all our new colleagues who work there, will significantly contribute towards our ongoing success and our ability to be competitive in a market which continues to grow. With confidence, we continue to ‘MOVE with trust’.”