Quang Ninh, February 12, 2023, under the witness of Prime Minister Pham Minh Chinh, Investment Registration Certificate for the Project of manufacturing Boltun latches and stamping products (“Boltun Vietnam”) ) with an investment capital of 165 million USD (equivalent to 4,080.45 billion VND) was granted to two Taiwanese investors, Boltun Corporation, one of the world's largest suppliers of locking bolts to the automotive manufacturing industry. world and QST International Corporation. Project of manufacturing and supplying latching and stamping products for leading electric car manufacturers in the United States and Europe.
Factory in Fujian, China
The investor will build a factory on a land of 35.27 hectares in Bac Tien Phong Industrial Park (DEEP C Quang Ninh II) developed by DEEP C Industrial Park Complex in Quang Yen Coastal Economic Zone. The project is divided into two phases with a total design capacity of 60,000 tons/year. Phase 1 is expected to start construction in the second quarter of 2023. The investor will build the factory on a land area of 35.27 hectares in Bac Tien Phong Industrial Park (DEEP C Quang Ninh II) by the DEEP Industrial Park Complex. C developed in Quang Yen coastal economic zone. The project is divided into two phases with a total design capacity of 60,000 tons/year. Phase 1 is expected to start in the second quarter of 2023. Up to now, Boltun Corporation and QST International Corporation have built and operated 04 factories in Taiwan, 07 in China and 01 in Germany. The new factory in Vietnam will expand the global supply chain network and support the group's long-term growth strategy in Southeast Asia.
Kevin Hsu, Vice President and Chief Financial Officer of Boltun Group said: “The quick and efficient investment licensing process of the Quang Ninh Economic Zone Authority has helped us meet the urgent schedule. of the project due to the increasing demand of customers. This is one of the main factors that made us decide to invest in Quang Ninh, along with an abundant land fund for industrial development and synchronous connectivity infrastructure.”
Certificate granting for Boltun Vietnam
About DEEP C Industrial Park Complex (“DEEP C”)
DEEP C is a complex of industrial parks developed and operated by Infra Asia Investment Hong Kong in Hai Phong city and Quang Ninh province, with the main shareholder being Ackermans & van Haaren (Belgium). DEEP C is currently the only European industrial park developer in Vietnam, managing and operating an industrial park system with a scale of over 3400ha.
Bac Tien Phong Industrial Park is jointly built and developed by DEEP C and Hateco Group on an area of 1,192.9 hectares in Quang Yen coastal economic zone, Quang Ninh province. Bac Tien Phong Industrial Park is oriented to become a multi-functional industrial park, integrating the petrochemical chemical zone and the internal seaport system, including a conventional port and a liquid cargo wharf. The investor's goal is to improve logistics advantages for secondary investors, in addition to the existing overall infrastructure system.
Source: Deep C Quang Ninh
Vietnamese
October 2024
Hanoi