ABB Opens New Factory in Vietnam

Press release from ABB

ABB has opened a new facility for manufacturing power products in Vietnam, as the country builds and strengthens its electricity network to meet rising demand created by a growing economy.
The new plant on the outskirts of the capital, Hanoi, is part of ABB’s approach to build production capacity in fast-growing markets and to strengthen its presence in Vietnam. Electricity consumption in Vietnam, with a population of around 85 million, is expected to double in the next six years.
“Vietnam is a growing market and an attractive location for a production hub,” said Bernhard Jucker, who is head of ABB’s Power Products division.
”This new factory is part of our strategy to diversify our global presence and will help Vietnam to meet the growing demand for electricity while maintaining grid reliability.”
ABB has invested around $30 million in the facility, which will employ about 100 people. The factory is built on 87,000 square meters of land in the Tien Son Industrial Zone in Bac Ninh Province.

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