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JS Group to produce door and window frames in Vietnam
Japan’s JS Group will build a new factory to produce door and window frames in Vietnam to reduce risks like those faced by Thailand during last year’s historical floods.
The new plant is expected to take shape in the southern province of Dong Nai on an area of 55 hectares with a total investment capitalization of US$385 million. On completion in mid-2013, JS Vietnam will raise its design capacity to 30,000 tonnes per year, equivalent to 10 percent of the group’s total productivity.
Door and window frames will be exported to Japan and other Asian nations.
Currently, JS Group produces only 70 percent of door and window frames in the country, and 30 percent in Thailand. However, a factory in Thailand has stopped operating since last October after being badly affected by the flooding. The group has decided to build a new factory in Vietnam where there is plenty of cheap and diligent labour. This is part of its trade liberalization after joining Trans-Pacific Partnership (TPP) agreement negotiations.
JS group has entered the Vietnamese market since 1998, specializing in manufacturing sanitary ware products with INAX brand. The group plans to raise its total revenues in foreign markets to 1,000 billion of yen by 2016, up 25 times compared to last year’s figure.
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