Techtronic Industries (TTI), Inc., a leading manufacturer of the industrial electrical equipment, is to invest in a cordless power equipment plant in Ho Chi Minh City Saigon High-tech Park, Vietnam.

Notably, the plant will have a total investment of $650 million, focusing on the development of outdoor power equipment and hand-held cordless power tools with integrated technology. It is to manufacture and design control devices, digitally connected tools, digitally controlled motors, Lithium-Ion batteries, industrial power electronic transformers, and the Internet of things. In addition to this, TTI hopes this investment will provide a base to satellite companies to relocate to Vietnam and join its supply chain.

Fortis Bridge, the strategic advisor of the TTI, Inc., has its role in the Hi-tech Manufacturing Enterprise License and Investment submission for TTI’s plant and R&D project.

In addition to this, Fortis Bridge continues to advise TTI with the development of a 360,000m2 GFA project in Ho Chi Minh City. The design and master planning documentation for the project has already commenced for a solid kick start in 2020.

Fortis Bridge is renowned in Vietnam as the most dynamic advisory company offering multinational experience in industrial investment and real estate development advisory.

By Renee Kha