Jinbao Beneficiary Trade War Continues To Expand Southeast Asia Production Base Next Year

Jin Bao, an electronics manufacturer owned by Jinrenbao Group, held a financial report on August 28. As the group's distribution in Southeast Asia has lasted for more than 20 years, with Sino-US trade disputes adding variables to next year's industry, many manufacturers have decentralized their production lines. Shen Shirong, general manager, said that production will continue to expand in Southeast Asia, such as Thailand and the Philippines, in 2019. It is expected that the number of employees in Southeast Asia will increase from 35,000 to 50,000. 。

In addition to Jinbao, Jinrenbao Group also has Taijinbao in Thailand. At present, its production base in Southeast Asia covers Thailand, the Philippines and so on. The number of employees is about 35,000. Jinbao believes that the scattered production lines of science and technology factories caused by Sino-US trade disputes are beneficial to Jinbao, because the company has worked in Southeast Asia for more than 20 years, and its business development has developed from electronic products manufacturing to its own brand.

According to Shen Shirong's analysis, if Taiwanese businessmen think of building factories in the mainland in the past and look for a large number of workers after building factories, it may not be feasible to rethink how to reduce costs, because it is very difficult to find 100,000 manpower in Southeast Asian countries. At present, Thailand, Vietnam and the Philippines are relatively suitable for building large-scale production lines, not to mention the language, and can not simply dispatch Taikan.

Regarding the layout of Jinbao next year, he revealed that next year, including Thailand and the Philippines, there will be factory expansion. Overall, the factory area in Southeast Asia will increase by 170,000 square meters. In addition, with the rise of the Southeast Asian market, Jinbao expects that in the next five years, including professional electronic manufacturing, design agent and other businesses will continue to grow rapidly, while the brand part will be operated for a long time.