Japan’s Lixil to increase investment in Vietnam
Building materials and housing equipment producer Lixil Global Manufacturing Vietnam, a subsidiary of Japan’s Lixil Group, is going to increase investment in Vietnam and extend its product lines at its Vietnamese factories according to president Shinji Ito.
The firm intends to raise its localisation rate of components up from the current 85 per cent. Lixil Vietnam currently produces sanitary ware brands American Standard and Inax and aluminium doors and windows under the Tostem trademark. The company currently has plants in Hanoi, Hung Yen, Quang Nam, Ba Ria-Vung Tau and Binh Duong with the total investment capital of $222 million.
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