Lite-On Expands Its Investment in Vietnam and Jordan in Response to the Trade War - Energy Watch News


Lite-On Expands Its Investment in Vietnam and Jordan in Response to the Trade War

Lite-On has increased its investment in Lite-On Vietnam with US$ 77.4 million to build new factories; also has reported an increase in capital of US$ 20.14 million in its Jordan subsidiary, KBW-LITEON. Nearly 80 percent of Lite-On’s production is from China, making it the biggest production center for the company. Due to the increased cost in China and the tariffs caused by the US-China trade war, Lite-On has continued to extend its production capacities in other countries. Currently Lite-On owns factories in Vietnam, Thailand, Philippines, Malaysia and Mexico. The company has reported a revenue of US$ 1.73 billion for 3Q18. https://www.ledinside.com/nside.com/

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