Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion
Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.
In a Friday filing with the Taiwan Stock Exchange (TWSE), Wistron said the acquisition of the land use right has a transaction value of VND964.6 billion ($37.1 million). The move was made on behalf of its subsidiary Wistron InfoComm (Vietnam) Co., Ltd.
A Wistron factory in Ha Nam province, northern Vietnam. Photo courtesy of Wistron Infocomm Vietnam.
The acquisition aims to “meet the company's business development and strategic planning needs,” according to the filing.
The counterparty of the acquisition is Kim Bang Industrial Zone Company Limited, the operator of the under-construction Kim Bang I Industrial Park which covers 230 hectares in Ha Nam province.
Ha Nam is now home to eight industrial parks. Eight more covering 3,200 hectares are already added to the provincial masterplan for 2030, including Kim Bang II, Kim Bang II, and Kim Bang IV.
Prior to the land use right acquisition, Wistron had made two investments in the northern province, namely Victory II and Victory I in Dong Van III Industrial Park.
The $24.5 million Victory II has an annual capacity of three million LCD displays, equivalent to 13,140 tons; 5.87 million laptops, or 15,256 tons; 374,400 desktop computers, or 6,551 tons; 1.2 million VoIP phones, or 1,238 tons; 300,000 motherboards, or 21 tons; and others.
The $363.9 million Victory I's annual output for the first phase includes 228,000 laptops, 600,000 motherboards, 700,000 desktops, 100,000 webcams, and 720,000 docking stations.
For the second phase, the annual output will rise to four million laptops, six million LCD displays, 1.5 million docking stations, one million motherboards, two million desktops, 375,000 webcams, and others.
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