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Taiwan's Compal to start Vietnam plant in Q1 2009

Thu Nov 27, 2008 10:52pm EST

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HANOI, Nov 27 (Reuters) - Taiwan's Compal Electronics (2324.TW), the world's second-largest contract laptop PC maker, plans to start production in Vietnam in the first quarter of 2009, a state-run newspaper reported on Friday.

Monthly output is expected at 1.2 million units, Compal Chairman Rock Hsu was quoted as saying by the Dau Tu (Investment) newspaper.

Hsu also said annual production, all for exports, would total 15 million units.

Compal has said that by 2013 it aimed to make half of its computers at its $500-million plant in Vietnam's northern province of Vinh Phuc, adjacent to the capital Hanoi.

Compal now makes nearly all of its computers at a complex near Shanghai, where costs have been growing amid rising living standards. (Reporting by Nguyen Nhat Lam, editing by John Ruwitch)



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