XP Power Opens Factory In Binh Duong
XP Power Vietnam Co. on Monday opened an electronic power converters manufacturing facility at My Phuoc 3 industrial park in the southern province of Binh Duong.
XP Power Vietnam Co. on Monday opened an electronic power converters manufacturing facility at My Phuoc 3 industrial park in the southern province of Binh Duong.
Yap Chee Tiong, general manager of XP Power (Kunshan) Ltd., said XP Power had invested some US$8.5 million in the first stage of the new facility and US$2 to US$3 million will be added in the second stage, beginning next year.
The XP Power facility’s gross floor area of approximately 11,600 square meters is for manufacturing, assembly, quality engineering, value-added operations, testing and administrative offices.
The facility includes renewable energy design features such as a solar panel array system to significantly enhance energy efficiency and generate electricity for its own energy requirements. This facility is earmarked to be the first building in Vietnam to be awarded Singapore’s Green Mark Gold Plus by the Building and Construction Authority of Singapore, said the Singapore contractor of the facility.
(Source: Vietnam investment news)