Home / Business and Economy / Kolon Builds Vietnam Airbag Plant for Autoliv
Kolon Builds Vietnam Airbag Plant for Autoliv
13 Dec
Summary
- Kolon Industries will invest US$48 million in a new Vietnam plant.
- The facility will produce airbag materials for Sweden's Autoliv.
- Operations are scheduled to begin in 2028.
Kolon Industries, a leading South Korean chemicals and textiles firm, announced a significant investment of US$48 million to establish a new manufacturing plant in Vietnam.
The facility, to be located in Ho Chi Minh City, will focus on producing essential airbag materials. Operations are slated to commence in 2028, marking a key expansion for Kolon's global automotive supply chain.
This strategic move will enable Kolon to offer fully integrated airbag production in Vietnam, complementing its existing operations. The company anticipates this new plant will generate substantial annual sales by 2030.
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