# Schaeffler opens EUR 45M plant in Bien Hoa, Vietnam

Schaeffler AG invested over EUR 45 million in a new production plant in Bien Hoa, Vietnam, producing industrial bearings and components. The plant replaces an old factory and aims to create 300 jobs by end of 2019.

- Type: New facility
- Announced: 2019-05-11
- Where: Bien Hoa, Amata Industrial Park, Vietnam
- Value: $50.0M (45.0M EUR)
- Jobs: 300
- Starts operating: 11 May 2019
- Status: completed
- Products: industrial bearings, radial insert bearings, needle roller bearings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler](https://endata.com/companies/2238.md)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/schaeffler-invests-45-mn-euros-for-new-manufacturing-plant-in-vietnam/69279654), 2019-05-11: "Vietnam was Schaeffler’s first manufacturing location in Southeast Asia more than eleven years ago"
- [bizhub.vietnamnews.vn](https://bizhub.vietnamnews.vn/schaeffler-opens-50-million-plant-in-viet-nam-post305546.html), 2019-05-12: "Viet Nam has a strategic location in Asia and a diversified, stable and fast-growing economy with a talented and well-educated workforce, which was why his company chose the country to build its first manufacturing plant in Southeast Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.