Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Saturday, February 23 2019 - 15:30
AsiaNet
TCL Starts Construction on New Integrated Manufacturing Base in Binh Duong, Vietnam
BINH DUONG, Vietnam, Feb. 23, 2019/PRNewswire-AsiaNet/--

TCL, top-three global television brand and leading consumer electronics 
company, today laid the foundation for its new integrated manufacturing base in 
Binh Duong (Ping Yang), Vietnam. It will become the largest digitized 
manufacturing facility with a fully integrated supply chain among all of the 
Chinese TV brands' factories in Southeast Asian markets upon completion. 

Photo - https://photos.prnasia.com/prnh/20190221/2382111-1

The move signifies Vietnam's strategic position in TCL's global development as 
a regional manufacturing hub. It also underpins the company's long-term 
commitment to the Vietnam market. 

Covering an area of approximately 73,000 square meters, the new manufacturing 
base has a two-phase construction plan with a total investment of over USD53.56 
million (RMB360 million). The production capacity of phase one is expected to 
be up to 1 million TV units per year with an investment of USD37.19 million 
(RMB250 million), which is double the current production capacity of the 
factory in Dong Nai. Once construction of phase two is complete, with an 
additional investment of USD16.37 million (RMB110 million), the production 
capacity will reach a maximum of 3 million units per year. 

The integrated manufacturing base will supply products to both the Vietnam 
market and Southeast Asian markets, including the Philippines and Thailand, to 
meet the growing demand for superior quality TVs.

The construction of the integrated manufacturing base, part of TCL's global 
expansion following the recent construction of its first integrated smart 
manufacturing industrial park in India, will help promote the rapid development 
of Vietnam's export businesses and create a large number of jobs for the local 
workforce, contributing to the sustainable economic development of Vietnam and 
providing both Vietnam and other overseas consumers with high-quality products 
and services. 

TCL entered Vietnam in 1999 and it has successfully replicated its 
international success within the country. In Vietnam in 2018, TCL's sales 
volume grew by 50% year-on-year and it is now the fourth biggest TV brand in 
Vietnam. 

About TCL Electronics

Headquartered in China, TCL Electronics Holdings Limited (HKSE: 01070) is one 
of the top three players in the global TV industrial, engaged in the research 
and development, manufacturing and distribution of consumer electronic 
products. TCL Electronics is striving to build a comprehensive ecosystem for 
smart TVs that provides users with a superior experience with its smart 
products and services.

SOURCE TCL Electronics

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=330323

   Caption: TCL's new integrated manufacturing base in Binh Duong, Vietnam will 
become the largest digitized facility among all of the Chinese TV brands' 
factories in Southeast Asia upon completion

Attachments
APAC-photo-0221.jfif
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