Schaeffler, a global automotive and industrial supplier, on May 9 put into operation its new Greenfield plant in Dong Nai province, marking a further step in investment in Vietnam where it started its first production 10 years ago.
Schaeffler, a global automotive and industrial supplier, on May 9 put into operation its new Greenfield plant in Dong Nai province, marking a further step in investment in Vietnam where it started its first production 10 years ago.
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| Representatives of Schaeffler Group celebrate the inauguration of the new Greenfield plant in Dong Nai Province on May 9 – PHOTO: SCHAEFFLER |
Schaeffler invested some 45 million euros to build the modern manufacturing facility at the Amata Industrial Zone in Bien Hoa City, about 50 kilometers from HCMC.
The plant will produce industrial bearings and components for a wide range of applications, creating some 300 additional jobs in the Dong Nai province.
Georg F.W. Schaeffler, shareholder and chairman of Schaeffler Group, was speaking at the inauguration event that Vietnam was the very first location in South East Asia where Schaeffler invested to build local manufacturing capacity.
“There are many reasons for our continued commitment to Vietnam. It is strategic location in Asia, a well-diversified, stable and fast-growing economy with a talented, well-educated, ambitious population are just few among them,” Schaeffler said.
Schaeffler first made an investment in Vietnam over 10 years ago when the company began local production of Tapered Roller Bearings (TRB), Radial Insert Ball Bearings (RIBB) and Steering Column Bearings (SCB) in Southeast Asia.
With the new investment, Schaeffler will increase the production capacity of the existing product ranges and add new product lines for the extended range of RIBB as well as the flagship product of Schaeffler Group – Needle Roller Bearings (NRB).
Martin Schreiber, president industrial at Schaeffler Asia Pacific, said the expansion of local manufacturing capacity demonstrates the company’s confidence in Vietnam as an ideal production hub in the Asia Pacific region to serve regional and global customers with bearing products and systems.
Products manufactured in Vietnam will be supplied to customers across a wide range of industry sectors including agriculture, construction and mining, power transmission, food processing, textile, paper, steel, cement and two-wheelers (motorcycles).
(Source:SGT)
