RIKEN VIETNAM CO., LTD. celebrates its 10th anniversary and completes expansion of compound production facilities

RIKEN TECHNOS CORPORATION (Head office: Chiyoda-ku, Tokyo; Representative Director, President & CEO: Kazuaki Tokiwa) held a ceremony to commemorate the 10th anniversary of the founding of its consolidated subsidiary, RIKEN VIETNAM CO., LTD. (Head office: Binh Duong Province, Vietnam; Representative Director and President: Kazuhiro Azuma; hereinafter “RIKEN VIETNAM”), as well as a completion ceremony to mark the completion of the expansion of its polyvinyl chloride resin compound production facilities.

The RIKEN TECHNOS group has designated ASEAN as a priority region, aiming to capture market share and increase its top market share in the region. In order to steadily seize business opportunities in the growing ASEAN market, such as by responding to market needs and demand by supplying products, we are strengthening our production system by operating new plants and adding new lines in Thailand and other countries.
The current expansion of production facilities was planned since 2021 due to the expected market growth in Vietnam. The construction of the building of the new plant and warehouse and the installation of various equipment has now been completed, and the new plant and warehouse began operations in November 2024.

The ceremony celebrating the 10th anniversary of the company’s establishment and the completion of the new plant was held on November 22, and was attended by people from Binh Duong Province and those who have a close relationship with the company on a daily basis.

On behalf of the RIKEN TECHNOS GROUP, Kazuaki Tokiwa, Representative Director, President & CEO of the RIKEN TECHNOS CORPORATION said in his address, “We are very pleased that RIKEN VIETNAM is now ready to make further progress with the new plant and new line expansion. We look forward to its further development as a major base of the RIKEN TECHNOS GROUP in the ASEAN region.” In addition, Kazuhiro Azuma, Representative Director and President of RIKEN VIETNAM, gave a speech saying, “We will continue to expand our business with customers not only in the Vietnamese market but also overseas, and will continue to develop further in the future. We will strive for the economic development of Binh Duong Province, contribute to the local community, and grow together with our employees.”

With this expansion of production facilities, annual production capacity will increase by approximately 1.5 times. RIKEN VIETNAM aims to increase sales in the Vietnamese market by capturing demand for automotive electric wires and general electrical wire applications, especially for wire harnesses.

The RIKEN TECHNOS GROUP will contribute to the development of society by quickly responding to market demand trends and establishing a stable production and supply system through collaboration among its various sites.

■Overview of RIKEN VIETNAM CO., LTD.

1．Establishment	November 2014
2．Share capital	USD 20 million
3．Head office and factory	Binh Duong Province, Vietnam
4．Business description	Manufacturing and sale of polyvinyl chloride molding materials