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Synopex opens electronic components factory in Bac Ninh

Van Oanh
Thursday,  Mar 8,2018,21:11 (GMT+7)
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Synopex opens electronic components factory in Bac Ninh

Van Oanh

Workers are seen at work in the newly-opened FPCB factory in Bac Ninh Province - PHOTO: VAN OANH

HANOI – Synopex Corporation’s subsidiary Vintrig Company on March 7 inaugurated an electronic components factory in Bac Ninh Province, mainly supplying Korean conglomerates like Samsung and LG, and some automakers.

The factory, whose investment amounts to US$30 million, is named FPCB, the acronym of flexible printed circuit boards, which are also one of the company’s main products.

Speaking at the opening ceremony, Bac Ninh Province chairman Nguyen Tu Quynh said the factory in Yen Phong District’s Dong Tho Industrial Complex would help create more jobs for locals and contribute to fueling the province’s economic growth. Quynh underlined the significance of this firm to the development of the province.

According to Quynh, Bac Ninh last year obtained the highest economic growth compared to other parts of the nation, and the size of its economy is the fourth biggest in the country. The province is home to 16 industrial parks with 1,158 foreign-investment projects worth US$16 billion from 33 countries and territories.

Before opening the plant in Bac Ninh, Synopex in 2014 opened a wholly Korean-owned company named Synopex Vietnam, which is a major supplier of circuit boards PBA, SMT, FPCB and other components for cameras, mobile phones and tablets among others.

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