Japanese printing and imaging company Fuji Xerox has officially announced the opening of its new manufacturing company-Fuji Xerox Hai Phong Co., Ltd.-in Hai Phong, Vietnam.

Located in the Vietnam Singapore Industrial Park in Hai Phong, the company invested approximately nine billion yen in the facility.

According to a statement by the company, the 57,563 m² facility marks a major milestone for the company in Vietnam.

The company said this facility will serve as a key manufacturing hub globally and it plans to meet its full manufacturing capacity by the end of fiscal 2015.

Fuji Xerox sources said the new facility will respond to increasing worldwide needs with the manufacturing and shipping of the latest products including digital color multifunction devices and small-sized light-emitting diode (LED) printers.

With a manufacturing capacity of around two million units per year, the manufacturing facility will also manufacture key components for these devices such as printed wiring boards and drum cartridge components.

Fuji Xerox sources said its Hai Phong unit will vertically integrate the self-manufacturing of the components and product assembly lines to enhance manufacturing efficiency. Components will be sourced from all over Asia to reduce cost, and ultimately to produce competitive products for the emerging markets in Asia Pacific, the United States and Europe.