Locks and Security News: your weekly locks and security industry newsletter
19th February 2020 Issue no. 495
Your industry news - first
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Hanwha Techwin cuts the ribbon at new manufacturing facility in Vietnam
Hanwha Techwin has announced that its new 54,543m2 manufacturing facility at the Que Vo Industrial Park in the Bacninh Province of Vietnam is now fully operational.
The strategic decision made in April 2017 to continue the expansion of Hanwha Techwin's global security business by way of $100m investment in the new Vietnam based facility, has been supported by the Vietnam government's 'Friendly policy' and the securing of various logistics channels for import and export through land and neighbouring ports.
The new facility offers Hanwha Techwin the opportunity to considerably increase manufacturing output and reduce costs. Logistics will also be greatly improved, ensuring that orders from the company's distribution partners are fulfilled more efficiently and on time.
"I am pleased to report that a significant percentage of Wisenet video surveillance products will be shipped from Vietnam from the beginning of January 2019." said Bob (H.Y.) Hwang Ph.D., Managing Director of Hanwha Techwin Europe.
"This is a very exciting time for Hanwha Techwin's security business. Our new manufacturing facility and all our new colleagues who work there, will significantly contribute towards our ongoing success and our ability to be competitive in a market which continues to grow. With confidence, we continue to 'MOVE with trust'."
About Hanwha Techwin
Hanwha Techwin (formerly Samsung Techwin) is a leading supplier of video surveillance solutions for IP-video, analogue and hybrid systems. Building on the company's history of innovation, Hanwha Techwin is dedicated to providing solutions with the highest levels of performance, reliability and cost-efficiency for professional security applications, such as continuing development in advanced edge devices and video analytics. www.hanwha-security.eu
16th January 2019