Tokyo - The Japanese electronic giant Toshiba Corporation plans to build a new manufacturing and sales base in Vietnam to meet growing demand for high-efficiency motors in the global market, the company announced Wednesday.
The new company, Toshiba Industrial Products Asia Co Ltd, will be located in Vietnam's Dong Nai province, and will manufacture high-efficiency industrial motors rated at under 100 horsepower, plus their parts, Toshiba said.
The company will build a factory at Amata Industrial Park in Dong Nai province, on the outskirts of Ho Chi Minh City. The start of construction is scheduled for April 2009, and the plant will come on line in September 2010, the company said.