Nissin Electric To Move Production From Thailand And Vietnam To Myanmar
Nissin Electric To Move Production From Thailand And Vietnam To Myanmar
Nissin Electric Company of Japan will be opening a new factory in Myanmar which would start operations in March 2020, through a joint venture with Hosoda Holdings. The company is relocating some of its production processes from its plant in Thailand and Vietnam to this new plant in order to cut labour costs.
Nissin Electric currently manufactures all of its products in Thailand and Vietnam, with products accounting to 60 percent and 40 percent of profits respectively. The factories near Bangkok and Hanoi are undertaking sheet metal welding, cutting and surface treatment processes for industrial equipment and parts.
The new Myanmar plant will make electrical equipment and take on contract manufacturing of such machines and parts. The company will also be moving some metal parts manufacturing processes like mounting of device frames and welding to its Myanmar factory.
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