Hung Yen: Commencement of Phase 2 of Greenworks Thai Binh Project

The large-scale project in Hung Yen province with a total registered investment capital of up to 200 million USD and an area of about 20 hectares is implemented in 3 phases.

Phase 1 has been started and put into operation since August 2023, using a land area of 46,000 m2, with a designed capacity of 100 million plastic components per year and nearly 3,900 tons of metal components. The initial successes from phase 1 not only affirm the investment efficiency but also create a solid foundation for the next phases of the project.

Delegates attended the groundbreaking ceremony of phase 2 of the Greenworks Thai Binh Project at Lien Ha Thai Industrial Park.

Phase 2, which has just been officially started, will use an area of 44,200 m2. In this phase, the factory will focus on producing groups of components from aluminum casting with an output of nearly 1,550 tons/year, battery blocks - parts of garden machines with an output of 100,000 products/year and engines - parts of garden machines with a capacity of 20,000 products/year.

Phase 3 of the project uses nearly 110,000 m2 of land to produce and assemble finished products from input components from the previous two phases. Of which, a portion of plastic products and components will be exported to the parent company, the majority of the remaining will be used to assemble into complete garden equipment with an expected output of over 3 million products/year.

Delegates performed the project groundbreaking ceremony.

When the entire project is completed and put into stable operation, Greenworks Thai Binh Factory will achieve an expected revenue of about 500 million USD per year and create stable jobs for about 5,000 local workers. The presence of a large investor like Greenworks in Lien Ha Thai Industrial Park also contributes to improving the capacity of high-tech, environmentally friendly industrial production and promoting the green transition process.

Speaking at the groundbreaking ceremony, the representative of Greenworks Company Limited expressed his deep confidence in the potential of the Vietnamese market in general and Hung Yen province in particular. “The successful operation of phase 1 not only brings us valuable experience but also strengthens our trust and expectations for this land. The launch of phase 2 marks an important step in Greenworks' development strategy in the Asia- Pacific region. The project demonstrates the Company's strong determination and long-term vision in expanding the market, improving production capacity and promoting innovation," the representative of Greenworks affirmed.

Greenworks products.

Greenworks was established in 2003 and is one of the leading global brands in the field of lithium battery gardening equipment. With outstanding technological innovation, high product quality and professional customer service system, Greenworks has developed into a multinational corporation present in many countries around the world. Choosing Thai Binh Economic Zone as a strategic investment destination not only demonstrates Greenworks' global vision, but also vividly demonstrates the competitiveness, attractive investment environment and effective FDI attraction policy of Hung Yen province in the period of deep integration.

Source: https://baodautu.vn/hung-yen-khoi-cong-giai-doan-2-du-an-greenworks-thai-binh-d351011.html