Lumens LED, an LED producer based in Korea, reported that its new Vietnam plant recently began production. The company, which also has LED factories in China, said that the new facility in Vietnam would help it be more cost competitive.
Lumens LED reportedly invested 20 billion won (US$17.9 million) in the new production facility. The facility is located on a 33,057-square-meter site in Ho Chi Minh City, according to an article in The Investor.
“While our Chinese plant is serving mostly the local market, the Vietnamese branch will be responsible for supplies to Korea and overseas markets,” said a company official, who the article quoted.
The company fabricates LED packages and modules for lighting, automobiles, and displays. The firm produces almost 90 percent of its LED packages in China and 10 percent in Korea.
Lumens LED intends to begin fabricating 20 to 30 percent of its LED modules in Vietnam. Notably, Vietnam is the location of production plants of the company’s key clients such as Samsung Electronics.