Tenglong will build a new factory in Vietnam: invest about 4 billion yen to produce camera lenses, etc.

CTOnews.com January 26 news, Tenglong Co., Ltd. (hereinafter referred to as "Tenglong") announced today that it has decided to set up a new factory in Hanoi, Vietnam, on the basis of the existing production base in Aomori Prefecture, Japan and overseas production bases in Foshan, China and Hanoi, Vietnam.

Tenglong, the website of ▲ Tuyuan Tenglong, said that the purpose of this action is to strengthen the company's overall production system to cope with medium-and long-term business expansion and enhance a stable supply system, including supply chain and cost competitiveness.

CTOnews.com learned that Tenglong's new Vietnam factory covers an area of about 25000 square meters and has an investment of about 4 billion yen (currently about 209 million yuan). Construction is scheduled to start in October 2023 and start production in January 2025, mainly for the production of cameras, driving recorders and monitoring equipment lenses.

In addition, Tenglong will release its financial results for fiscal year 2022 on February 8.