Ziehl-Abegg has announced plans to open a new production facility in Vietnam.
This move underscores the company's continuous efforts to expand its production capacities and get closer to its global customer base.
The official founding ceremony of the new subsidiary, Ziehl-Abegg Vietnam took place yesterday in Ho Chi Minh City.
A new facility is being built near Ho Chi Minh City with an investment of approximately A$41.1 million (25 million euros).
Construction has begun with production at the new facility scheduled to commence in the first half of 2024 with full-scale production underway by the end of 2024.
The production site covers a total area of 14,000 square meters, with 12,900 square meters allocated for production and 1,100 square meters for administrative purposes.
This expansion follows recent investments in expanding production capacities in Poland and the United States, as well as continuous investments in Germany.
Ziehl-Abegg production director, Joachim Ley, said the company needs to expand production facilities worldwide to meet customer demand and to get closer to its customer base.
"The new facility in Vietnam is particularly important for the markets in Asia and Australia; it helps us continue to offer our customers the best possible solutions,” he said.