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Key Tronic Plans to Establish New Manufacturing Facility in Vietnam
January 2, 2019 | Globe NewswireEstimated reading time: Less than a minute
Key Tronic Corporation, a world class provider of electronic manufacturing services (EMS), has signed a letter of intent to lease a new 86,000 square-foot facility in Da Nang, Vietnam.
“We expect that commencing operations in Vietnam will significantly augment our Asian footprint and reduce production costs,” said Craig Gates, president and CEO of Key Tronic. “By further diversifying our global manufacturing, we also believe it provides an additional hedge against uncertainty in a lingering or future trade war with China.”
The facility is strategically located in an established industrial park inside a government sponsored export zone, within 5 miles of an international port. The new manufacturing facility is expected to be operational by July 2019.
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