Friday, June 21, 2024

Focusing on Asia, Autoliv Makes First Investment in Vietnam – Autoliv (NYSE: ALV)

  • Autoliv Inc ALV There are plans to build a new airbag cushion and fabric plant in Vietnam to focus on Asia.
  • This is the first Autolive investment in Vietnam. The company expects the investment to meet the expanded airbag production needs of the growing Asia market.
  • The facility will be built in the Amata City Ha Long Industrial Park, located in the northern part of Vietnam.
  • The area of ​​the site will be approximately 90,000 sqm. The company expects the new production facility to begin producing airbag cushions for its airbag module assembly facilities in Asia by the end of 2025.
  • When fully operational, the facility could employ 2,000 people.
  • price actionLast Check: ALV shares are trading down 1.67% at $91.36 in the premarket on Thursday.

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