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SANYO TO BUILD US$91 MLN DVD-PLAYER PART FACTORY IN VIETNAM

Sun. August 10, 2008; Posted: 10:55 PM
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OSAKA, Aug 11, 2008 (AsiaPulse via COMTEX) -- SANYY | Quote | Chart | News | PowerRating -- Sanyo Electric Co. (TSE:6764) said Friday it will build a roughly 10 billion yen (US$91.18 million) plant in Vietnam to produce optical pickups, a key component of DVD players, on expectations that demand for the high-tech toys will rise in China and other emerging markets.

The Osaka-based company is the world's leading producer of the devices, with a roughly 30 per cent share of the global market.

A Chinese affiliate will establish a company in Vietnam to operate the plant, which is slated to open next April in the northern province of Bac Giang. The new firm's fiscal 2012 sales are targeted at 30 billion yen.

Optical pickups read and record data on DVDs and other storage media. The new plant will make pickups for standard DVDs and Blu-ray discs.

Sanyo already has four pickup factories spread across China, Indonesia and Japan.

The investment is part of a broader drive to raise annual electronic parts sales 50 billion yen to 350 billion yen by the year ending March 2011. Sanyo plans to spend 55 billion yen over the next three years to boost production capacity.

(Nikkei)

For full details for SANYY click here.

    


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