Nikon opened a new assembly operation in Laos, called Nikon Lao Company Limited, to expand the production base of its photographic products. Official said, Nikon saw great potential in the Savan-Seno Special Economic Zone following the installation of all the necessary infrastructure.
The US$8 million plant in the Savan-Seno Special Economic Zone in central Savannakhet province is set for operation next month with its primary purpose being the assembly of digital SLR (single-lens reflex) camera units.
Deputy Prime Minister in charge of economic affairs, Somsavat Lengsavad, Japanese Ambassador to Laos, Junko Yokota, and representatives from Nikon attended the official opening ceremony of the plant after its six-month construction, according to official sources.
It is said that, Nikon saw great potential in the Savan-Seno Special Economic Zone following the installation of all the necessary infrastructure. By investing in the zone, Nikon will enjoy a number of tax and duty incentives. Laos is also an attractive production base because it has cheap labour and receives trade privileges from more than 40 countries.
Nikon Lao Company Limited is one of four Japanese companies and one of 48 businesses in total that have invested in the Savan-Seno Special Economic Zone.
Up to 200 Lao nationals have been trained in preparation for working at the new plant once operations begin, which is expected to be next month.
Its location in the Special Economic Zone will mean Nikon can easily export its products to international markets along the East-West Economic Corridor through Road No. 9.
Source: LNTV Lao News in English