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Tamron Opens Second Vietnamese Factory to Avoid Chinese Tariffs

March 1, 2025
Source: petapixel.com petapixel.com
News Snapshot:
Tamron Co., Ltd. announced it has begun manufacturing operations at its second factory in Vietnam, thereby strengthening its global “tripolar production system” approach and preparing for future business expansion. Tamron’s second Vietnam production facility is in the V?nh Phúc province in northern Vietnam and cost Tamron approximately four billion yen to build, which is about $26.5 million at current exchange rates. The plant, which began operations at Thang Long Industrial Park 3 last month, is approximately 17,000 square meters (nearly 183,000 square feet) and will support 1,500 people when it reaches its full operational capacity in 2028. The three-story factory...
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