Hanwha Techwin Expands Global Security Business with New Production Facility in Vietnam
Hanwha Techwin announced that it will expand the company’s manufacturing capacity by constructing a 646,000 square foot facility in Vietnam’s Bac Ninh province.
With production facilities in South Korea and China, the new $100 million Vietnam facility located about 20 miles northeast of Hanoi will serve as a production base, increasing capacity for Hanwha’s security products including cameras and recording devices. After researching a number of viable locations for the new facility, Bac Ninh was chosen because of the optimal benefits it offers Hanwha Techwin for the supply of parts, logistics and manpower.
“This investment is a testimony to Hanwha’s dedication to the development and production of technology focused security products worldwide,” said Soon Hong Ahn, President, Hanwha Techwin America. “This facility will enable us to further expand our production by an additional 8 million units a year, allowing us to achieve economies of scale and to maintain our global competitiveness for video security products and solutions.”
Construction of the Vietnam facility is expected to be complete in December of this year, followed by production line set-up and test production in the first half of 2018. Mass production and full activation of the factory should begin in the second half of 2018.