WHA Industrial Development Plc. (WHAID), a leading developer of industrial estates in Thailand and Vietnam, has announced the signing of a land lease agreement with Goertek Precision Industry Vietnam Company Limited, subsidiary of China-based Global Manufacturer of Smart Hardware and High-precision Components, at WHA Industrial Zone 1 – Nghe An (WHAIZ 1-Nghe An). Goertek Precision Industry Vietnam, which specializes in micro-electromechanical systems (MEMS), acquired an area of 40.48 ha to develop their factory complex for the manufacturing of mobile phones’ electronic components, such as air pods.
An arm of the 40,000-strong Chinese group headquartered in Weifang, Shan Dong Province, China, and listed on the Shenzhen Stock Exchange, Goertek Precision Industry Vietnam produces smart hardware and high-precision acoustic and optic components. The group’s clients comprise famous partners being major phone manufacturing companies in United States.
Goertek Precision Industry Vietnam just obtained its Investment Registration Certificate (IRC) from Vietnamese authorities on October 16. Construction work and industrial operations are expected to start in late 2020 and mid 2021 respectively.
Goertek Precision Industry Vietnam selected WHA Industrial Zone 1-Nghe An for its new investment due to WHA’s demonstrated customer reputation, its unique international leading infrastructure and utilities, as well as its smart ECO environment-friendly industrial zone solutions.
Mr. Jung Dea Young, Board of Directors’ representative in Vietnam of Goertek, declared: “We received great support from the Nghe An provincial authorities and were impressed with WHA Industrial Zone team’s professionalism and extensive knowledge and experience. In addition to its great location in North Central Vietnam, WHA Industrial Zone offers several advantages, like an abundant and well-trained workforce, and the possibility to expand further in view of our future growth.”
“We are delighted to welcome Goertek Precision Industry Vietnam at WHA Industrial Zone 1-Nghe An,” said Ms. Jareeporn Jarukornsakul, Chair and Group Chief Executive Officer, WHA Corporation PCL. “It is the confirmation that Vietnam is a destination of choice for Chinese investors in various industrial sectors such as precision electronics.”
Mr. David Nardone, Group Executive Industrial and International, WHA Industrial Development Plc., commented: “This investment by Goertek Precision Industry Vietnam at WHA Industrial Zone 1-Nghe An is a welcome addition to our Vietnam investors from China, Japan, Vietnam and Thailand. Goertek is confidently setting up their operation with the advantages that WHA and Nghe An Province provide in terms of geographical location, labor availability, infrastructure, utilities and eco-friendly solutions.”
About WHA Industrial Zone 1 – Nghe An (WHAIZ1-Nghe An)WHA Industrial Zone 1 – Nghe An, located at Dong Nam Economic Zone in Nghe An province, offers a strategic location for manufacturing and industrial cluster development in the North Central Region of Vietnam. A Smart Eco Industrial Zone, it provides international standard infrastructure, utilities, industrial operations and maintenance services for its local and international customers. Leveraging on WHA’s 30-year experience in the development of world-class industrial estates in Thailand, WHA applies best practice principles for high value-added and environment-conscious industries looking to establish their global footprint in Vietnam and the region.As Vietnam’s 4th most populous province, Nghe An has an abundant skilled workforce and offers preferential tax incentive packages from the Dong Nam Economic Zone Authority (DNEA).WHA Industrial Zone 1 – Nghe An will cover a total of 3,200 hectares. The initial Milestone Phase 1 of 143.5 hectares is already in operation, with a growing number of local and international investors from China, Japan, Vietnam and Thailand. Milestones 2 and 3, covering another 354.5 hectares in Phase 1, are currently under construction and development, and will be ready soon for early discussions with investors from different sectors.Website: https://www.whavietnam.com/About Goertek Precision Industry Vietnam Company Limited• Headquarters: Goertek Technology (Hong Kong) Co., Ltd
• Investment capital: USD100 million
• Products: Bluetooth earphone, Speaker, Speaker Module, Microphone, Receiver, Smart watch, Virtual Reality Glasses, Camera, etc.
• Capacity: 1,322,223,000 units/year