Fujikin has held a ceremony to mark the completion of its new Vietnamese plant at Thang Long Industrial Park in Hanoi. The plant, which will be the core production base of the company, is now into full-scale operation.

About 200 people attended the ceremony, which included members of the Vietnamese government, Fujikin customers, and people involved in the construction. Also two members of Fujikin\\$quot;s top management, president Hiroshi Ogawa and vice-chairman Yukio Sezaki attended the event. The day also saw a number of other visitors from Japan, the US, Taiwan, Korea and Vietnam.

Mr. Ogawa said: 'It was some four to five years ago that we began considering the construction of a plant in the Asian region with the purpose of reducing production costs. I went to inspect areas and conducted surveys and as a result of all of this, we decided in the spring of 2002 to move into Hanoi with a plant.

Fujikin\\$quot;s president Hiroshi Ogawa at the ceremony///

'Production moved along smoothly after commencement of operations. We then came up with the idea of this new plant. A major reason was that the quality of the technology possessed by the Vietnamese operators is high and they are very earnest.'

Fujikin has overseas bases through a subsidiary Carten Controls, which has plants in the US and in Ireland. The present plant marks the first production base anywhere overseas under direct Fujikin control.

A pilot plant had already been constructed and put into operation in September of 2002 at the same industrial park. This was an old style plant and small, occupying an area of 1,980 \\$quot;¡u. At the end of 2004, a new plant was taken under consideration. In January of last year an area of land was acquired for a new plant, making for a complete relocation. Construction began in April of last year and was completed at the end of the year.

The new plant occupies an area of 20,000 \\$quot;¡u and employs 160 people. According to the company the plan is to expand production facilities and increase the number of employees to 500 in two years time.