Compal to start construction of $260 million facility

December 19, 2022 | 14:24

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Taiwanese laptop maker Compal Electronics to expected to kick off the construction of $260 million manufacturing facility in the first quarter of 2023.

Compal to start construction of $260 million facility

Compal to kick off construction of $260 million facility in early 2023

A new manufacturing facility of Compal will be located in Lien Ha Thai Industrial Zone (IZ) in the northern province of Thai Binh. On December 16, representatives of Compal and Green i Park – the investor of the IZ – signed an agreement to rent land in the IZ.

The facility is expected to start operation in the second quarter of 2024. Once completed, it will have a capacity of over four million of products per year, such as smart clocks, 5G modules, IoT equipment, and tablets.

KC Chen, deputy general director of Compal Vietnam said, “Right after the signing ceremony, Compal will accelerate investment procedures for construction. The group expects to complete the facility and auxiliary area construction within one year.”

“During construction, we will recruit local employees and send them to the plant in Vinh Phuc province to participate in training courses,” Chen added.

Previously, a Taiwanese laptop maker organised a field trip to WHA Industrial Zone 1 in Nghe An in June to explore the possibility of expanding its manufacturing activities in Vietnam.

In 2021, Compal expanded its Vietnam production by adding more manufacturing capacity to its existing facility based in Vinh Phuc.

To further meet the global demand, Compal is currently planning to set up operations in other localities across Vietnam, such as Quang Ninh and Nghe An provinces where the company can thrive in the local economy.

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By Oanh Nguyen

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