# Techtronic Industries to invest $650M in Vietnam plant and R&D center

Techtronic Industries (TTI) will invest an additional $650 million in Vietnam to build a cordless power equipment plant in Ho Chi Minh City's Hi-Tech Park, with construction completed by Q3 2021, and develop an R&D center employing 2,000 researchers.

- Type: Expansion
- Announced: 2020-06-24
- Where: Ho Chi Minh City Hi-Tech Park, Vietnam
- Value: $650.0M
- Jobs: 2,000
- Starts operating: Q3 2021
- Status: announced
- Products: cordless power equipment, cordless appliances
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Techtronic Industries Co. Ltd.](https://endata.com/companies/19358.md)

## Sources

- [e.vnexpress.net](https://e.vnexpress.net/news/business/companies/techtronic-industries-to-expand-vietnam-operations-4120470.html), 2020-06-24: "Construction of the cordless power equipment plant in Ho Chi Minh City’s Hi-Tech Park will be completed by the third quarter of 2021."

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