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Release time:2024-02-06
----Glory Faith Electronics announces investment in building a new factory in Vietnam to improve production efficiency and meet global market demand
Glory Faith Electronics is a leading PCB manufacturing enterprise. After a year of research and visits, it will deploy an investment project in the Jiaping Jujia Industrial Park in Beining Province, Vietnam, and build a fully automated production factory covering an area of approximately 45000 square meters. This measure aims to improve the company's production efficiency, meet the growing demand for PCBs in the global market, and lay the foundation for sustainable development of the enterprise in the coming years.
The construction of the new factory will be carried out in several stages, with an estimated total investment of 150 million US dollars. Once completed, the new factory will bring about an annual production capacity of approximately 1.2 million feet to Glory Faith Electronics, significantly increasing the company's market share and competitiveness.
Phase 1: 800000 feet/month officially put into production in Q1 2026
Focusing on the consumer electronics, power supply, industrial control, and automotive industries.
Phase 2: 400000 feet/month in Q3 2027
Automotive, communication, server products, high-level and HDI products