Azbil Corporation will establish its new manufacturing subsidiary in Vietnam, Azbil Vietnam Production Co., Ltd. Accordingly, the planned new production site will aim to increase the company’s global production and procurement systems.
The location of the planned new production base is in Vietnam’s Hưng Yên Province.
The Azbil Group is currently expanding its global business to achieve sustained growth and increase shareholder value. For that reason, it will be able to attain its long-term target for FY2030.
The new company, being a new overseas production base, will rise to join its existing manufacturing sites in Dalian, China, and Chonburi Province, Thailand. Aside from enhancing its global production system, there are other major goals the company wants to achieve with the new Vietnam site. First, is to increase production capacity and reduce production costs. Next, is to enhance competitiveness and develop an appropriate production system. Thus, enabling sustained product supply.
Moreover, Azbil also regards the establishment of the new company as a better provision for responding to geopolitical risks of concern.
Guided by the philosophy of “human-centered automation”, the Azbil Group will continue to fulfill its social responsibility within the supply chain. In addition, it will also aim to achieve its sustained growth and improved shareholder value.
Azbil’s Thai plant in Chonburi was among the latest manufacturing sites it opened last May. Currently, Azbil Production (Thailand) will produce industrial temperature controllers and sensors for air conditioning controllers. Moreover, it will serve as a production and direct shipping base for products to Southeast and East Asian countries.
The new building will strengthen the company’s production capacity and increase the variety of items it produces. At the same time, it also aims to meet the needs of the Group’s overseas customers for various products that require advanced production technology. among them are electromagnetic flowmeters and differential pressure transmitters for the industrial market.
The Azbil Group established in 1994 its first overseas production base, the Azbil Control Instruments (Dalian), in China. Next, it established Azbil Production (Thailand) in 2013 to expand overseas production capacity.
In addition, to further the development and automation of advanced production technology, Azbil began in 2019 full-scale operation of its “mother factory”. It consisted of the Shonan Factory linked with the Fujisawa Technology Center R&D base. Thus, strengthening its three-pillar global production system in Japan, China, and Thailand.
Azbil’s overseas production ratio has continued to increase since 2010 and will likely reach the mid-30% range by 2025.
With its philosophy of human-centered automation, the Azbil Group develops and provides products and services that meet customers’ needs. Hence, contributing to the betterment of society.
09 September 2024