Fitness equipment manufacturer Johnson (1736-TW) has officially launched its second Vietnam plant, JIV2, this week. Combined with the existing first plant, JIV1, the total production capacity is expected to reach $600 million annually. The Vietnam site will become Johnson's largest global manufacturing hub, further supporting its operational expansion and progress toward its $10 billion annual revenue target by 2040. This development drove Johnson's stock to hit a second consecutive daily limit-up during morning trading today (6th).
Johnson opened at TWD 136, rising to a high of TWD 147.5—the daily upper limit—during intraday trading. However, it failed to hold the peak and was trading around TWD 145 by 10 a.m., still up more than half a limit, reclaiming its yearly high and surpassing the 200-day moving average. Trading volume exceeded 1,000 lots, reflecting strong market interest.
The JIV2 plant was built with a $70 million investment and is located in Bac Ninh Province, northern Vietnam, just a 9-minute drive from the first plant, JIV1. Covering approximately 200,000 square meters, JIV2 features automated and digitalized production processes and achieves 100% in-house manufacturing of key components. This enhances delivery flexibility and product quality.
JIV2 primarily produces fitness equipment and critical components. The equipment includes commercial and home-use cardio machines, gym-specific indoor cycling bikes, and strength training equipment. Key components include treadmill motors, electronic control panels, running decks, belts, and other essential parts for various fitness machines.
Johnson emphasized the strategic importance of JIV2, stating it strengthens global supply capacity, diversifies manufacturing risks, shortens delivery times, and enhances supply chain resilience. This positions the company to better respond to global demand fluctuations and geopolitical uncertainties, ensuring a more stable and agile supply network.
FACT BOX
- Source: PR Times
- Category: Event