Japan’s Kyocera Corp has planned an expansion worth 57.8 million USD in Vietnam this year in an effort to shift part of its high-cost Chinese operation to the country.

By March 2018, its factory in the northern city of Hai Phong is expected to produce 2 million units of multi-purpose printers each year, quadrupling the current level.

Construction on a new facility producing metal moulds and plastic components will begin no later than this August.

The workforce is expected to triple to 5,000 with over 200 employees working in research and development.

Kyocera currently produces over 2 million multi-purpose printers annually, mostly in China. Europe accounts for the largest market share, especially Russia and Turkey.

With its planned expansion in Vietnam, annual output is forecast to soar over 70 percent to 3.5-4 million units.

Kyocera’s unit in charge of multi-purpose printer production and trading - Kyocera Document Solution - recorded a 10 percent increase in revenue to 2.75 billion USD from April 2014 to March 2015, with 275 million USD in pre-tax income.-VNA