Marmon Fastener Company, a subsidiary of Berkshire Hathaway’s wholly-owned Marmon Holdings, will manufacture screws for the North American market at a ready-built factory in Dong Nai Province, according to VN Express International.

The 64,500 sq ft factory in southern Vietnam strengthens the industrial group’s global manufacturing capacity and diversifies its supply chain outside of North America.

Leasing a ready-built facility reduces deployment time and allows the company to make use of Vietnam’s skilled labor, stable investment environment and competitive costs, stated Marmon Holdings chairman Steve Semmler.

In addition to Marmon Fastener, Marmon Holdings owns fastener companies Atlas Bolt & Screw (Ashland, OH), Nylok (Macomb, MI), Pan American Screw (Conover, NC), Robertson Screw (Burlington, ON, Canada), and Western Builders Supply (Billings, MT).

Marmon Holdings is a $12 billion conglomerate with over 100 member companies employing 30,000 people to provide products to the industrial equipment manufacturing, components, transportation, food, and infrastructure sectors.