Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards
Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.
The firm started investing in Ha Tay province (now part of Hanoi) with an initial investment of $300 million in 2007, then increased it to $500 million in 2021, according to a recent project report. It received an investment registration certificate, the 13th adjustment, to hike the investment to $800 million last month.
Meiko Electronics factory in Hanoi. Photo courtesy of NSN.
The additional capital aims to build the fourth factory, along with the installation of machines and supporting infrastructure, targeting completion in March 2027 and operation from April 2027.
After the expansion, the project can reach an annual capacity of 2.16 million square meters of PCB PTH (Plating Through Hole), 1.32 million square meters of PCB B/U (Built Up Board), 540,000 square meters of PCB FPC (Flexible Printed Circuit), 2.2 billion electronics manufacturing service (EMS) items, and others.
The project, located in Thach That-Quoc Oai Industrial Park, now employs 3,770 people and is set to increase the workforce to 4,170 with the expansion.
In April 2024, Meiko Electronics broke ground on a factory to produce PCB in the northern province of Hoa Binh, its fifth plant in Vietnam. The Japanese company will invest VND4.66 trillion ($186.4 million) in the factory which covers 9.2 hectares in Bo Trai Song Da Industrial Park. The total investment will be raised to $500 million when work on a second factory (of the complex) starts.
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