52 PCB007 MAGAZINE I JUNE 2025
By Manfred Huschka
Editor's note: Part 1 explored "Does China Plus
One Actually Work?" looking at manufacturing
in China. Part 2, "Does China Plus One Really
Make a Difference?" looked at how industrial
regions benefit om investments outside China
and what each potentially means to both manu-
facturers and their customers.
In recent years, Western OEMs have contin-
ued to push for China Plus One factories and
the advancement of China's Belt and Road Ini-
tiative (BRI). At present, there are two main
modes for PCB companies to go global: build-
China Plus One, Part 3: Inorsen
Group, a Vietnam Success Story
ing greenfield factories or through mergers
and acquisitions (M&A). ailand is currently
the primary geographic choice to build green-
field factories, whereas, increasingly, mergers
and acquisitions in Vietnam and Malaysia pro-
vide opportunities for companies to expand
markets and acquire resources.
Not surprisingly, Chinese companies have
become increasingly involved in interna-
tional trade and overseas investment within
the China Plus One framework. e Inorsen
Group was one of the first PCB companies to
invest in Vietnam.
Figure 1: The Inorsen Vina Co., LTD. team.
MDI-Ultra.
MANFRED HUSCHKA MANAGEMENT CONSULTING (SHENZHEN) LTD.
