THACO Industries opens three factories in Vietnam after $70 million investment

By AI, Created 10:22 AM UTC, May 20, 2026, /AGP/ – THACO Industries has inaugurated three factories in Vietnam for consumer equipment, specialized equipment and automotive interiors after investing $70 million. The new plants are designed to raise output, expand exports and strengthen the company’s role in Vietnam’s industrial supply chain.

Why it matters: - The new factories expand THACO Industries’ manufacturing base and support higher output for export markets. - The plants are part of a broader push to build a strategic mechanical manufacturing and supporting industry center in Chu Lai–Da Nang. - The expansion is intended to increase localization and deepen participation in the global component supply chain.

What happened: - THACO Industries inaugurated three advanced factories in Vietnam on Feb. 23, following a beginning-of-year production launch ceremony. - The company invested $70 million across the Consumer Equipment Plant, Specialized Equipment Plant and Automotive Interior Plant. - The three plants cover a combined 92,000 square meters.

The details: - The Consumer Equipment Plant covers 25,000 square meters and has a $20 million investment. - The Consumer Equipment Plant can produce 150,000 fitness equipment units, 140,000 supermarket carts, 100,000 household appliances, 50,000 sets of high-end furniture, plus urban rail seats and other mechanical components. - The Specialized Equipment Plant covers 60,000 square meters and has a $30 million investment. - The Specialized Equipment Plant has capacity for 75,000 industrial equipment units, agricultural equipment, specialized mechanism products and 23,000 tons of steel structures. - The two plants use automation across blanking fabrication, welding, surface treatment and coating, assembly, packing and final delivery. - Equipment includes sheet metal laser cutting machines, structural steel laser cutting machines, robotic welding systems and automated welding gantry systems. - The coating workshop includes surface treatment lines and enclosed paint booth systems. - The plants also use automatic material feeding systems and production management software to meet export standards. - The Automotive Interior Plant covers 7,000 square meters and has a $20 million investment. - The Automotive Interior Plant can produce more than 100,000 product sets per year. - Its product range includes automotive air conditioning systems, floor trim panels and headliners. - The Automotive Interior Plant runs a closed-loop production process on automated lines with strict quality control. - THACO Industries says the plant will help diversify products, raise the localization rate and strengthen supply-chain participation for international automobile brands.

Between the lines: - The investment mix shows THACO Industries is targeting both industrial equipment and automotive components, two areas that can support manufacturing scale and export growth. - The company is building capacity in automation-heavy production, which can help standardize quality and meet overseas customer requirements. - The expansion signals a longer-term bet on larger industrial projects beyond these three factories.

What’s next: - THACO Industries plans to scale further through the Expanded Mechanical and Supporting Industries Center Project, which spans 115 hectares. - The company also plans a next-generation spare parts and components manufacturing plant. - THACO Industries will invest in manufacturing and assembly of electromechanical and automation equipment. - The company is conducting a feasibility study for a Heavy Industry Production Center Project covering 797 hectares. - That heavy industry project would focus on oversized and heavy structures, ships and offshore equipment. - More information is available on THACO Industries’ website.

The bottom line: - THACO Industries is using a $70 million factory buildout to push harder into export-oriented manufacturing and Vietnam’s industrial supply chain.