Doosan Group, a South Korean family-controlled conglomerate, is considering building a massive production facility in Vietnam for its subsidiaries, a group official said Monday February 13.
“Doosan is in talks with Vietnamese officials on establishing a facility which groups together production lines of several of its affiliates,” said a Doosan official who wished to remain anonymous.
Doosan’s business portfolio ranges from machinery and construction to food and beverage production. Major affiliates include Doosan Heavy Industries Co., Doosan Infracore Ltd and Doosan Corp.
The company, which has many clients in the Middle East and Southeast Asia, aims to make inroads in the local market by setting up the facility, the official said.
Top company executives are reported to be visiting the Southeast Asian country to facilitate the plan, according to the official.
The group also said it has been conducting feasibility research on expanding its operations in Vietnam.