Business

Work starts on first electronic component factory in Phu Yen

The CCIPY Vietnam Co., Ltd, a member of US-based Coilcraft Group, started construction work on a factory manufacturing electronic components at An Phu Industrial Park in Tuy Hoa city, central coastal Phu Yen province on May 13.
Work starts on first electronic component factory in Phu Yen ảnh 1Work starts on first electronic component factory in Phu Yen (Photo: VNA)

Phu Yen (VNA) – TheCCIPY Vietnam Co., Ltd, a member of US-based Coilcraft Group, startedconstruction work on a factory manufacturing electronic components at An PhuIndustrial Park in Tuy Hoa city, central coastal Phu Yen province on May 13.

It is the first factory of itskind located in Phu Yen. It has a designed capacity of 500 million items peryear and mainly produces RF wirewound chips and electromagnets, all for exports.

Director General of CCIPYVietnam Koo Heng Sheong said the 5.7-million-USD factory is part of Coilcraft’sgoal to develop production in Asia.

The facility, which covers anarea of 2.7 hectares, will be put into use in January 2018, offering job opportunitiesfor about 2,000 local workers. -VNA
VNA
#CCIPY Vietnam #Coilcraft Group #electronic component factory #electronic components #An Phu Industrial Park #Phu Yen #RF wirewound chip #electromagnet Phu Yen
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