Vietnam is jabil expansion investment
Jabil Circuit, Inc has just broke ground to build a new factory in Saigon Hi-Tech Park (SHTP), realizing the plan to expand investment in Vietnam.
The event marked the expansion of Jabil Group’s operation in Vietnam, with total factory area of 38,369 square meters. The factory is scheduled to be completed by the end of 2017. The new facility will provide additional production and warehousing spaces to meet future large-scale manufacturing activities for products such as computer, storage, networking equipment, telecommunications, automation, digital housing, mobility, sale equipment, printing, industry and energy.
This expansion also marks Jabil’s a decade of development in Vietnam and a stepping stone for the future growth of the Group.
Jabil started operations at SHTP in September 2007, specializing in the manufacture of electronics and telecommunications equipment with an initial investment of only 30 million USD. However, in 2011, Jabil decided to raise capital to 100 million USD. And in 2015, Jabil once again announced the expansion of investment in Vietnam. According to the signed memorandum, Jabil plans to invest an additional 500 million USD to expand production in Vietnam with a facility of more than 93,000 square meters.
Currently, Jabil Vietnam employs around 4,500 people and aims to create over 3,000 new jobs for the province in the next five years. In addition, Jabil also plans to develop high quality human resources in Vietnam for future leadership positions through training and development opportunities.
Jabil is a product solutions company that provides electronic technology solutions including design, manufacturing and comprehensive manufacturing management for electronics and technology companies around the world. Providing complete supply chain management from facilities in 28 countries, Jabil offers comprehensive and focused solutions for customers in a variety of industries. In Vietnam, Jabil specializes in providing large-scale product solutions for sectors as industry, power, networking and telecommunications equipment, sales and printing equipment.