Azbil completes Vietnam production subsidiary setup

Azbil Corporation (TSE:6845) announced the completion of its new Vietnamese production subsidiary, Azbil Vietnam Production Co., Ltd., located in Hưng Yên Province. The facility, representing a $13 million investment (1.95 billion yen), will manufacture products like electric valves and flow meters, bolstering Azbil's global production capacity and enhancing cost competitiveness. This new facility complements existing plants in Dalian, China and Chonburi, Thailand. Production is slated to commence shortly after the March 17, 2025 incorporation date. The subsidiary is wholly owned by Azbil Corporation and is expected to have a minimal impact on the parent company’s consolidated financial results this year. This expansion is part of Azbil’s long-term growth strategy and addresses geopolitical risks by diversifying its supply chain.