The US$36 million printing device manufacturing plant operated by Tokyo-based Fuji Xerox officially become operational after an inauguration ceremony on Tuesday in the northern province of Hai Phong.
Located at the Vietnam – Singapore Industrial Park, the 57,563-square-meter Fuji Xerox Hai Phong plant specializes in making digital color multifunction devices and small-sized light-emitting diode (LED) printers, and is capable of producing 2 million units per year.
The facility will also manufacture key components for these devices such as printed wiring boards and drum cartridge components.
“The facility marks a major milestone for the company in Vietnam and will serve as a key manufacturing hub globally,” Fuji Xerox said in a statement, adding the Hai Phong facility plans to meet its full manufacturing capacity by the end of fiscal 2015.
Fuji Xerox Co Ltd is a joint venture partnership between the Japanese photographic firm Fuji Photo Film Co, who hold a 75 percent stake, and US document management company Xerox, who hold 25 percent.
Fuji Xerox develop, produce and sell xerographic and document-related products and services in the Asia-Pacific region.
The Hai Phong facility will be running on its first operational stage from now to the end of 2015. During this time 3,000 jobs for local people will be generated, according to Fuji Xerox chairman Tadahito Yamamoto.
Its 2 million devices produced every year will serve both the domestic and export markets, Yamamoto, who is also director of Fuji Photo Film, added.
The plant is also expected to source 80 percent of the necessary materials from local suppliers instead of sourcing from import.
"Our new facility in Vietnam will combine our leading manufacturing expertise and operating standards to deliver innovative, high-quality products and solutions to customers around the world," said Masaaki Nabeta, president, Fuji Xerox Hai Phong.
"We are honored to be a part of Vietnam's rapidly growing economy as we continue to invest and develop a world-class workforce working with the local community in the coming years."