AMATA Off to a Strong Start to 2024 with the Addition of Two New Customers Spanning from North to South

AMATA Vietnam achieves significant milestones in the Year of the Dragon, securing deals with Japanese and Chinese customers in AMATA City Ha Long (also referred to as Song Khoai Industrial Park), in Vietnam's Northern Province of Quang Ninh and AMATA City Long Thanh (also referred to as Long Thanh High-Tech Industrial Park) in the Southern Province of Dong Nai.

Photo (from left): Mr. Nguyen Van Nhan, General Director of AMATA City Ha Long Joint Stock Company and Mr. Tsuchimochi Atsushi, General Director of IKO THOMPSON Vietnam Company Limited

On the afternoon of March 11th, in the presence of representatives from Quang Yen town, Mr. Nguyen Van Nhan, General Director of AMATA City Ha Long, signed a land sublease agreement with Mr. Tsuchimochi Atsushi, General Director of IKO THOMPSON Vietnam, for 3.75 hectares of land, totaling a project value of USD57 million. IKO plans to produce, machine, and assemble bearing products and linear motion devices for machinery and equipment. The first phase of the project is expected to be completed by the end of 2025, supplying over 930 tons of products to the global market when the second phase commences operations by January 2028.

Photo (from left): Mr. Thai Hoang Nam, General Director of AMATA City Long Thanh Joint Stock Company and Mr. Wang Ruifeng, General Manager of King Clean Vietnam

Meanwhile, AMATA Long Thanh welcomes another Chinese enterprise, King Clean, with a project valued at 28.3 million USD, covering an area of 4 hectares and targeting the creation of 1000 jobs for the community. Mr. Thai Hoang Nam, General Director of AMATA City Long Thanh, and the team express gratitude for the customer's trust in the park's future development. Mr. Wang Ruifeng, General Manager of King Clean, participated in the signing ceremony, marking the official partnership between the two companies. King Clean, specializing in manufacturing vacuum cleaners, air purifiers, garden machines, floor cleaning machines, household appliances, and other electronic equipment, is set to commence construction by mid-2024 and begin operations within 2025.

These developments underscore the attractiveness of AMATA's projects in both the North and South regions, with a consistent track record of successful deals since 2023. Long Thanh benefits from its prime location in the key economic region of Southern Vietnam, offering direct highway access. Conversely, Ha Long attracts investors with tax benefits within the economic zone and its expedited land development process. AMATA's businesses in Vietnam remain on a steady growth trajectory and are poised for significant expansion in 2024.