📋 Tender Overview
VIA optronics AG VIA or the Company a leading supplier of interactive display systems and solutions announced plans for a new production site in the Philippines.In September 2021 the Company incorporated VIA optronics Philippines Inc. for the design and development of camera solutions. In order to circumvent the supply chain challenges posed by trade issues and lockdowns in China VIA is now planning to use its entity in the Philippines to build a new more cost-effective production site in Asia that is expected to produce all current VIA products. The new site will focus on international markets whereas the existing Chinese production site in Suzhou will remain focused on the local business in China.Jrgen Eichner Chief Executive Officer and Founder of VIA optronics AG commented We are looking forward to expanding our production capabilities and capacity in Asia and expect that the anticipated operational efficiencies created by the production site in the Philippines will help increase margin while mitigating the impacts of geopolitical pressures and restrictions in China. We are in the final stages of approval for the new production facility for a dedicated customer and expect the site to be completed by the end of 2022. This project exemplifies the significant growth in demand for our solutions and allows us to both diversify our production base and improve cost efficiency.
