The new factory, located in the northern Bac Ninh province’s Que Vo Industrial Park, will allow the company to better serve manufacturers of smart phones, portable electronics and other devices, in the context of that Vietnam is emerging as a new global base for electronic manufacturing.

“Vietnam has grown to become a leading manufacturing center for many global technology companies, and we’re very glad to be among them,” Laird chief executive officer David Lockwood said.

“This plant will further strengthen our design and manufacturing capabilities worldwide,” he added.

According to the company, the facility will predominantly manufacture precision metals and electronic materials for Laird’s Performance Materials Division, which designs and supplies electromagnetic interference shielding, thermal management solutions and signal integrity products for the smart phone, transportation, telecoms, medical and consumer industries worldwide.

The Bac Ninh plant, in addition, will complement Laird’s new design center and its newly acquired model solution prototype business, both in Seoul, South Korea, and other Laird facilities in China and Malaysia.

Laird’s growth also will be delivered through its wireless systems division, which designs and supplies a broad range of products, systems and software solutions that enable wireless communications such as smart antenna solutions, embedded wireless and automation and control solutions.

Lockwood said the new factory in Vietnam underpinned Laird’s growth prospects for 2014 and beyond.

Laird currently has more than 9,000 employees worldwide, and runs more than 50 manufacturing facilities in Asia, Europe and the US. In Asia, the company operates 14 other facilities throughout the continent, where it conducts research and development, manufacturing, prototyping and engineering, and provides support to customers in the region.