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CORPORATE NEWS

FIRST-EVER VIETNAMESE FACTORY duction line. Once operational, the project Construction of the new facility is expected
IN EGYPT OPENS is expected to generate employment oppor- to be completed by the end of 2025, with
tunities for approximately 3,000 workers. production coming online in 2026. “Our
In addition to the new factory, Yadea also decision to strengthen our manufacturing
plans to set up a research and development footprint in Asia was driven by the com-
(R&D) center at the new site, employing plementary proximity to our facility in
between 100 and 300 experts from Vietnam, Qingdao, China, the local workforce, and
India, Japan, Thailand, and China. The the province’s supportive industrial policies,”
company aims to produce smart e-scooters said Mr. Richard Hepworth, Business Unit
to meet the rising demand among customers President of Trelleborg Marine & Infra-
in Vietnam and the region. structure. “This facility will play a critical
role in scaling up our production to meet
Vietnam’s European Plastics Joint Stock GERMAN TIRE MAKER MOVES the increasing global demand for our world-
Company (EuP) has opened a factory in PRODUCTION TO VIETNAM class manufacturing and testing capabilities.”
the city of Sadat in Menoufaya province, “Trelleborg’s investment is a testament to
Egypt, to produce filler masterbatch (a the potential and capabilities of this region,”
plastic filler), making it the first factory added Ms. Nguyen Thi Thao Nhi, General
opened by a Vietnamese company in the Director of the Phu My 3 Specialized IP.
country. The EuP Egypt factory has invest- “This facility will not only enhance Trelle-
ment capital of $30 million and covers an borg’s operations in a prime Vietnamese
area of more than 34,000 sq m. It is designed location but also contribute substantially
to have 24 production lines with a total to the economy in Ba Ria-Vung Tau province
capacity of 300,000 tons a year, creating through job creation.”
jobs for more than 300 local workers. Its
products will serve the Egyptian market German tire manufacturer Schwalbe is HEINEKEN & SIEMENS TEAM UP IN
and be exported to the Middle East, Africa, strategically realigning its production and NET-ZERO ROADMAP
Europe, and the Americas. The EuP Egypt will manufacture all tires and tubes exclu-
Industries Company, a subsidiary of EuP sively in Vietnam in the future. “Thanks to
and founded in August 2022 in Egypt with bundled production, the state-of-the-art
100 per cent investment capital from Viet- site offers volume and logistics advantages
nam, has an ambition to expand markets for all Schwalbe customers,” the company
and become a multinational company. said last month. Founded in 1973, Schwalbe
According to Mr. Hoang Quoc Huy, Chair- has been manufacturing in Asia under a
man of the Board of Directors of EuP, the joint venture with Hung-A, both of which
EuP Egypt factory is an important step in are family-owned. Schwalbe said the deci-
the company’s expansion strategy, adding sion to focus production in Vietnam stems
that it is also a symbol of cooperation and from “the tense situation” in the bicycle Brewer Heineken has selected Siemens
development between Vietnam and Egypt. industry. Schwalbe is therefore positioning as a partner for its global Net Zero Pro-
itself for the future in the best possible duction roadmap, as part of its ambition
CHINESE EV MAKER OPENS 2ND way, and is pooling its strengths in Vietnam. to reach net-zero in Scopes 1 and 2 across
FACTORY IN BAC GIANG Enormous investments have been made all production sites by 2030. Heineken
in the country over the years. With new and Siemens will work together on a
factory buildings and machinery, the site long-term decarbonization program that
allows for state-of-the-art tire and tube will see the latter implementing solutions
production. In addition, Schwalbe cus- and services from its Siemens Xcelerator
tomers will be supplied directly from the portfolio to reduce energy usage at more
factory, with a product mix that is perfectly than 15 of the former’s beer and malt
tailored to their individual requirements. production sites, spanning facilities across
Asia-Pacific, the Americas, and Europe.
SWEDEN’S TRELLEBORG HEADS TO SOUTH Additional sites will be added in the
second phase. “As we continue to focus
Chinese electric vehicle (EV) manufacturer on the delivery of our journey to reach
Yadea last month held a breaking ground net-zero in Scope 1 and 2, we know that
ceremony for its second factory in the north- we must make many bold and ambitious
ern province of Bac Giang, marking a new moves to decarbonize our global opera-
phase of its development in Southeast Asia. tions,” said Mr. Dolf van den Brink,
The factory covers an area of 232,200 sq m Heineken CEO and Chairman of the Exec-
at the Tan Hung Industrial Park in Lang utive Board. “Undertaking these challenges
Giang district. Investment stands at $100 with partners like Siemens allows us to
million, with a designed capacity of 2 million bring in technical expertise and industry
electric motorcycles a year. The factory is Trelleborg Marine & Infrastructure, a world knowledge to innovate quickly and at
scheduled to begin operations in 2025 and leader in engineered polymer solutions scale. We are excited to continue on this
aims to reshape the electric motorcycle from Sweden, last month began construction journey with partners who are committed
landscape in the region. It will also be of a new manufacturing facility at the Phu to pioneering and localizing next-gener-
equipped with cutting-edge production My 3 Specialized Industrial Park (IP) in ation solutions, to help us reach our net-
technology, including an automated pro- the southern province of Ba Ria-Vung Tau. zero goals.”

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