Japan’s Nitto Denko to quadruple northern Vietnam plant's production capacity

Nitto Vietnam, a subsidiary of Japan’s multi-sector corporation Nitto Denko, has decided to raise the investment in its Hung Yen province-based plant by $28 million to $160 million.

The additional funding, secured through an investment certificate granted by the local government in late April, will allow the company to quadruple its production capacity for polarizing film to 197 million units, or 1,240 tons, per year.

The project, currently 70% complete, covers 9.35 hectares in the Thang Long II Industrial Park, developed by Japan’s Sumitomo Corporation.

The facility will also produce 19.6 million cubic meters (equivalent to 4,922 tons) of adhesive products annually.

The plant is expected to begin operations in May 2026 and will employ 379 workers.

Back in 2016, Nitto Denko invested $66 million in Bac Ninh province, also in northern Vietnam, to manufacture sheet- and film-type polarizing materials.

In the first four months of this year, Hung Yen province, which borders Hanoi, attracted $144.7 million in newly registered foreign investment and an additional $44 million in expanded foreign capital.