OSAKA -- Japanese medical device producer Nipro will spend $300 million on a new factory in Vietnam, increasing capacity to meet rising domestic and foreign demand for dialysis.
The Osaka-based company said Monday that it will establish subsidiary Nipro Vietnam in Ho Chi Minh City's Saigon Hi-Tech Park this month. Within three years, it will build the factory and install production equipment for around $190 million. Output is to begin in October 2018. Plans call for investing another $110 million or so through 2025 in additional capacity at the plant.