Quang Ninh inaugurates $80 million high-tech product manufacturing factory

Workers at the Solex High-Tech Industries Factory. (Source: Quang Ninh Newspaper)

On October 22, at Bac Tien Phong Industrial Park, Lien Hoa Ward, Quang Ninh Provincial Economic Zone Management Board coordinated with Solex High-Tech Industries Vietnam Co., Ltd. to hold the inauguration ceremony of Solex High-Tech Industries Factory.

Solex High-Tech Industries factory is built on an area of 67,886m2 in Bac Tien Phong Industrial Park with a total investment of 80 million USD (equivalent to about 1,926 billion VND).

The factory specializes in manufacturing, processing and assembling high-tech products such as: shower heads, faucets, faucet wires, smart toilet lids, personal care devices, electronic controllers and related components...

The factory has a total design capacity of 10,030 tons/year, deployed in two phases.

Phase 1 has a capacity of 6,300 tons/year, officially starting production in the fourth quarter of 2025; Phase 2 has a capacity of 3,730 tons/year, expected to start production in the fourth quarter of 2026.

When put into stable operation, Solex High-Tech Industries Factory will not only contribute to creating jobs for local workers, increasing export turnover and contributing revenue to the budget, but also promote the goal of sustainable industrial development based on science , technology and innovation of the province.

The inauguration and operation of Solex High-Tech Industries Factory is a testament to the favorable investment environment, transparent policies, and consistent support of Quang Ninh province for the business community.

In the 2020-2025 period, Quang Ninh made a special mark in attracting investment, with a total of 150 newly licensed projects, 90 projects adjusting capital increase in Industrial Parks and Economic Zones, total capital attracted nearly 324,000 billion VND, 4.4 times higher than the 2015-2020 period and reaching 280% of the target set by the Resolution of the 15th Provincial Party Congress, term 2020-2025.

Notably, FDI attraction into Industrial Parks and Economic Zones reached nearly 8.16 billion USD, accounting for 83% of the total FDI capital of the province, an increase of 5.7 times compared to the previous period.

FDI projects focus on high technology, are environmentally friendly, have high added value, have international brands and strong spreading ability, clearly demonstrating the orientation of selective attraction and quality improvement./.

Source: https://baolangson.vn/quang-ninh-khanh-thanh-nha-may-san-xuat-san-pham-cong-nghe-cao-80-trieu-usd-5062658.html