BINH DUONG, Vietnam, Feb. 23, 2019 /PRNewswire/ -- TCL, top three global television brand and leading consumer electronics company, today laid the foundation for its new integrated manufacturing base in Binh Duong (Ping Yang), Vietnam. It will become the largest digitized manufacturing facility with a fully integrated supply chain among all of the Chinese TV brands' factories in Southeast Asian markets upon completion.
The move signifies Vietnam's strategic position in TCL's global development as a regional manufacturing hub. It also underpins the company's long-term commitment to the Vietnam market.
Covering an area of approximately 73,000 square meters, the new manufacturing base has a two-phase construction plan with a total investment of over USD53.56 million (RMB360 million). The production capacity of phase one is expected to be up to 1 million TV units per year with an investment of USD37.19 million (RMB250 million), which is double the current production capacity of the factory in Dong Nai. Once construction of phase two is complete, with an additional investment of USD16.37 million (RMB110 million), the production capacity will reach a maximum of 3 million units per year.
The integrated manufacturing base will supply products to both the Vietnam market and Southeast Asian markets, including the Philippines and Thailand, to meet the growing demand for superior quality TVs.
The construction of the integrated manufacturing base, part of TCL's global expansion following the recent construction of its first integrated smart manufacturing industrial park in India, will help promote the rapid development of Vietnam's export businesses and create a large number of jobs for the local workforce, contributing to the sustainable economic development of Vietnam and providing both Vietnam and other overseas consumers with high-quality products and services.
TCL entered Vietnam in 1999 and it has successfully replicated its international success within the country. In Vietnam in 2018, TCL's sales volume grew by 50% year-on-year and it is now the fourth biggest TV brand in Vietnam.
About TCL Electronics
Headquartered in China, TCL Electronics Holdings Limited (HKSE: 01070) is one of the top-three players in the global TV industrial, engaged in the research and development, manufacturing and distribution of consumer electronic products. TCL Electronics is striving to build a comprehensive ecosystem for smart TVs that provides users with a superior experience with its smart products and services.
