Laird PLC has announced it has committed to expanding its Asian presence through the establishment of a new manufacturing facility in Vietnam and the expansion of a Design Centre in Seoul, South Korea, broadening its geographic market presence and overall customer diversity.
The manufacturing facility near Hanoi will principally manufacture EMI products for the global smartphone and portable electronic device market. The factory will be equipped over the next quarter, with production starting early in the second quarter of 2014. The design teams in Seoul will work with the Hanoi facility as well as with our existing site in Shenzhen, China.
The overall cost of investment will be approximately $7 million US Dollars in 2014 with a further $3-5 million US Dollars in 2015. This investment will help underpin our growth prospects for 2014.
For more information, visit www.laird-plc.com.