Panasonic Eco Solutions Vietnam Co., Ltd. is opening a new factory within the Vietnam – Singapore Industrial Park II located in southern Binh Duong province, as part of their plan to expand production of wiring devices and circuit breakers.

The new manufacturing facility, which cost 396 billion VND (approximately 18.7 million USD), has a planned production capacity of 30 million units of wiring devices and 5.15 million units of circuit breakers in the first year.

Fueled by recent rapid economic development, Vietnam’s construction industry is booming, creating increased demand for equipment and supplies. According to Panasonic Eco Solutions Vietnam President Takashi Ogasawara, the company aims to supply these needs and support the continually growing economy by expanding its production of electrical equipment.

The factory is expected to provide 480 local employment opportunities.-VNA