The information was revealed by Johnson’s CEO, Jason Lo, at a meeting with Vuong Quoc Tuan, Chairman of Bac Ninh People's Committee.

Spanning 20 hectares in Thuan Thanh I Industrial Park, the facility will have a total investment of $100 million and become the world's largest fitness equipment manufacturing and assembly base.

The factory will specialise in producing control panels, motors, running belts, and other accessories. Construction is slated to begin in the first quarter of 2025. The factory is scheduled to be completed and operational in 2026, attracting 2,000 to 3,000 workers and creating a revenue of $120 million per year.

At the same time, the group will implement secondary projects for its fitness equipment manufacturing supply chain.

Once operational, the group will also relocate from mainland China, Taiwan, and other countries to the Vietnam facility.

This is the second facility set up by the Taiwanese firm in Vietnam. In 2019, Johnson constructed its first facility with an investment of $50 million in Thuan Thanh II Industrial Park in the same locality, generating $60 million in annual revenue. The group boasts six production bases worldwide.

Chairman Tuan said, "Bac Ninh Industrial Zones Management Authority will be the focal agency to support Johnson in completing the investment procedures and securing an investment certificate. Meanwhile, Johnson should announce the layout plan, meet the land use requirements, and give a timeline commitment to reach the $1 billion revenue mark."

He said that Bac Ninh had created optimal conditions for businesses to develop, contributing to the province's growth.

Bac Ninh is home to 63 projects run by Taiwanese investors with the total registered capital of $700 million.

By Vy Bui

Source: VIR

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