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ACR Component Manufacturer Sanhua Expands Operations in Hai Phong, Vietnam
Vietnam: Sanhua, a Chinese manufacturer of air conditioning and refrigeration components, has completed the second phase of its 60.8 million USD investment in its factory located in the northern coastal city of Hai Phong. This 131,000m² extension builds on Sanhua’s initial 7,000m² valve plant established in August 2018. The factory currently generates an average annual revenue of over US$31 million, and with this expansion, sales are expected to rise to around 212 million USD per year.
Source: The Investor