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Wistron Announces Strategic Investments
December 27, 2024 | WistronEstimated reading time: Less than a minute
Wistron Corporation announced several strategic investments to support its ongoing business growth and development.
Wistron’s wholly-owned subsidiary, SMS Infocomm Corporation, plans to invest USD 25 million in building improvements to enhance its after-sales service capabilities. Additionally, Wistron InfoComm (Vietnam) Co., Ltd. will acquire approximately 37.1 hectares of land from Kim Bang Industrial Development Investment Construction Co., Ltd. for future business expansion, with a budget not exceeding VND 964.6 billion (approximately USD 37.1 million).
To support its workforce in Vietnam, Wistron plans to establish a new subsidiary, Wistron Property (Vietnam) Co., Ltd., with an initial investment of USD 16.5 million to construct employee dormitories. Furthermore, Wistron will inject USD 20 million into ICT Service Management Solutions (India) Private Limited through its subsidiary, SMS Infocomm (Singapore) Pte. Ltd., to fund factory construction in India.
These investments demonstrate Wistron’s commitment to long-term growth and its dedication to supporting its employees and expanding its global operations.
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