NeoSCM

Taiwan's NeoSCM Limited has received an investment registration certificate for the Neotek Vietnam Industrial Factory, a $88 million project in Ham Kiem 2 Industrial Park, Binh Thuan province, Vietnam. The 13.24-hectare plant will produce 120,000 tons of suspension components annually, with construction starting in 2024 and operations beginning in 2027.

NeoSCM has proposed building a brake disc factory in An Phat 1 Industrial Park, Hai Duong province, Vietnam. The 8-hectare facility will have a capacity of 4 million products per year, with phase 1 expected to start by end of 2024 and phase 2 by end of 2026.