Phenikaa deeply penetrates into industrial sector

Tuesday, Oct 12, 2021 11:33

Staff at work at Phenikaa smart electronics factory. — Photo courtesy of Phenikaa Group

Phenikaa Group has deeply penetrated into the industrial sector with the launch of a smart electronics factory in 2021 with an investment capital of nearly VND1 trillion (US$43 million) for the first phase in order to catch up with the fourth industrial revolution.

The factory operates smart manufacturing lines of top-class machinery and equipment, which are imported from Japan and Europe, with a total production capacity of more than 1.5 billion electronic components each year. Microchips, smart robots, clean and smart lighting devices and Phenikaa smart devices are the first products manufactured at the factory.

The factory marks the turning point for the group in its effort to expand its business portfolio and become one of the leading technological and industrial enterprises in advanced eco-friendly materials, smart products, smart solutions and smart manufacturing systems.

It is also considered an important link in the Phenikaa Ecosystem, enhancing the group's connectivity and initiative to develop outstanding products made by the group from research, production to trading.

In a proactive transformation of the science and technology boom, Phenikaa is determined to develop industrial manufacturing on the basis of technology and extensive digital transformation, and research and application of smart advanced technologies.

Besides electronics, the group is also involved in manufacturing engineered stone products with a production capacity of over three million square metres per year while operating in the chemical area with 25,000 tonnes of products annually and in quartz and Cristobalite production.

Especially, Vicostone JSC – a member of Phenikaa Group – is now the third-largest supplier of engineered-stone products to the global market. VICOSTONE® engineered stone products are now available in over 50 countries and territories, including the US, Canada, Australia and Europe.

Over the past nine months, Vicostone launched seven new products which have received positive feedback from domestic and international customers.

Vicostone is targeting 20.1 per cent and 15.1 per cent in net revenue and pre-tax profit respectively to nearly VND6.8 trillion and VND1.9 trillion by the end of this year. — VNS

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