Long An targets top industrial spot

By 2030, the Mekong Delta province will have a total of 72 industrial culsters, spanning 3.989ha.

Currently, Long An is ranked 3rd in the country for industrial zone development. According to the plan, by 2030, the province will have 17 new industrial parks, totaling nearly 3,200 hectares. This expansion will increase the province’s total industrial zone area to 12,433 ha, securing second place nationally.

Additionally, Long An is developing 28 new industrial clusters, covering 1.808 hectares. By 2030, the province will have a total of 72 industrial culsters, spanning 3.989ha.

Long An is also focusing on promoting industrial development, aiming to become the nation’s leading industrial hub by 2025.

This is a favorable condition for investors to take advantage of infrastructure, preferential policies; in industrial zones and clusters throughout the province.

According to economic expert Dinh Trong Thinh and Dinh The Hien commended Long An’s strategic focus on infrastructure development. They believed that this approach will significantly contribute to the province’s urban development, socio-economic growth. And its emergence as a key player in the Southeast and Mekong Delta regions.

Long An industrial parks attract more than 674 million USD of FDI capital in the first 9 months of 2024

In addition to attracting 75 FDI ​​projects with a total newly granted investment capital of more than 540 million USD. Long An Industrial Parks also have 68 FDI projects with total adjusted capital increasing by more than 134 million USD.

According to The Provincial Management Board of Economic Zone of Long An, from the beginning of this year to September 20, 2024. From the beginning of this year to September 20th, Industrial Parks in the province have attracted 96 investment projects. Including 75 FDI projects, 21 domestic projects, with total newly granted investment capital of more than 540 million USD and 1,227 billion VND; land area for lease 28.39 hectares.

Additionally, there are 84 projects with adjusted capital. Of which, there are 68 FDI projects with total adjusted capital increasing by more than 135 million USD. And 16 domestic projects with total adjusted capital increased by more than 326 billion VND.

Compared to the same period in 2023, total FDI investment capital increased by 6% (674.39 / 636.44 million USD). Total domestic investment capital decreased by 93% (VND 1,553.15/22,774.73 billion).

Long An currently has 36 established industrial parks with a total planned area of ​​9,693.29 hectares. Of these, 26 industrial parks are qualified to receive investment with a planned area of 5,982.14 hectares. Occupancy rate reached 68.08%. 10 industrial parks have been approved for investment by the Government. They are currently implementing the procedures. Including: site clearance, investment in industrial park infrastructure with an area of ​​2,908.49 hectares.

According to Decision No. 686/QD-TTg dated June 13th, 2023 of the Prime Minister on approving the Provincial Master Plan for the period 2021 – 2030, with a vision to 2050. The whole province will have 51 industrial parks with a total planning area of ​​12,433 hectares.

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Long An attracts many major investment projects

The 200 million USD wind power equipment factory and the 45 million USD animal feed factory are major investment project pouring into Long An recently.

On September 26th, Aboitiz Foods is expected to inaugurate the largest livestock feed factory in Southeast Asia in Ben Luc. With a total investment of 45 million USD, the factory is considered one of the outstanding industrial projects in the locality with a capacity of up to 300,000 tons per year.

Aboitiz Foods is a member of the Aboitiz Group with more than 100 years of development in many fields such as energy, banking, infrastructure, real estate, and food in many countries. This unit has chosen Long An as the location for its large-capacity factory. Based on the advantages of local infrastructure, especially the convenient port system connecting domestically and internationally.

Previously, in August, South Korea’s CS Wind Group announced a 200 million USD wind power equipment manufacturing plant investment project in the Long An International Port Project Cluster. This is the factory with the largest production capacity in the world. Expected operating capacity is up to tens of thousands of units per year, supplying super-sized and super-heavy equipment weighing 500-4,000 tons.

All equipment and accessories in the first phase are imported and exported through Long An International Port, estimated at 150,000 to 200,000 tons per year.

These two factories are among dozens of projects pouring into Long An recently. Other “huge” capital names pouring in here include:

  • Aeon Mall Tan An 1,000 billion VND;
  • Coca-Cola factory 3,109 billion VND;
  • Pepsi factory 7,486 billion VND;
  • Thai Tuan textile finishing factory 12,000 billion VND.

The common point of most new projects is the application of modern technology, use of renewable energy, aiming for green and sustainable factors – in line with the development orientation of the province.

According to data from the Department of Planning and Investment, in 8 months, this locality has granted 65 new FDI projects; 12 more projects than the same period in 2023. Total newly granted investment capital is over 347 million USD.

In total, the province has 1,312 FDI projects with a total capital of more than 11.3 billion USD. Of which, 635 projects have come into operation, with a total capital of more than 4.2 billion USD. With these indicators, Long An is always in the top of the country in attracting foreign capital.

On domestic investment, since the beginning of 2024, more than 1,500 new businesses have registered (an increase of 536), with a total capital of more than 13,700 billion VND. Up to now, Long An has over 18,600 operating enterprises with a total capital of 385,140 billion VND.

The gateway province of the West is assessed to have many advantages in industrial development. In 2023, Long An ranked 2nd out of 63 provinces and cities in the Provincial Competitiveness Index (PCI). This locality has many incentives and policies to improve the investment climate. Provincial leaders have repeatedly affirmed that “Long An needs businesses, not businesses need Long An”.

Besides investment promotion programs, the province regularly dialogues and meets with the business community. Listen to new suggestions and solve problems.

In addition, the convenient location adjacent to Ho Chi Minh City is also a highlight. Existing infrastructure, a series of key national projects passing through the area such as Ring Road 3, Ring Road 4 of Ho Chi Minh City or the trillion-dollar traffic routes connecting the West and Southeast regions that will be formed in the future. Helps increase freight capacity, creating attraction for domestic and foreign businesses.

The province also inherits advantages as a logistics center with Long An International Port. The port covers an area of ​​147 hectares within a 1,900-hectare complex including an industrial park, logistics service center, urban area, trees and water surface. This infrastructure can accommodate ships with a capacity of 100,000 DWT. In 2022, the volume of goods transported through here will reach 2.2 million tons.

From the beginning to the middle of this year, Long An has 34 industrial parks with a total scale of more than 9,250 hectares. These industrial parks have attracted more than 1,900 projects creating jobs for 183,000 workers, including more than 950 FDI projects.

By 2030, according to the approved plan. The province will have up to 51 industrial parks with a scale of more than 12,400 hectares. With this scale, Long An can rise to second place in the country. Just behind Binh Duong, in terms of industrial park area.

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Rents increase, ready-built factories are still popular

The industry group with increased rental demand for warehouses and ready-built factories in the South comes from high-tech companies, renewable energy and e-commerce.

According to CBRE Vietnam’s real estate market report for the first 6 months of the year, positive development in the industrial park real estate market continue to be recorded.

Notably, the demand for renting warehouses and ready-built factories from manufacturers in the North and the South increased in the first half of this year.

Demand for renting warehouses and ready-built factories is increasing

For the warehouses and ready-built factories market in the North, in the first half of 2024, there will be more than 225,000m2 of warehouses and ready-built factories completed in level 1 markets (Hanoi, Hai Phong, Bac Ninh, Hung Yen, Hai Duong). Of which, warehouses and ready-built factories area accounts for 95%.

The absorption area of the ready-built factories is also outstanding and is more than four times higher than the absorption area of the warehouses.

By the end of the second quarter of 2024, the occupancy rate of ready-built factories reached 89%, while warehouses in the Northern region maintained an occupancy threshold of 79%.

The rental price for ready-built factories reached 4.9 USD/m2/month, up 2% over the previous year, and ready-built warehouses reached 4.6 USD/m2/month, down 1% year-on -year.

Groups of companies in the electronics, semiconductor, furniture, and logistics industries are the tenants driving the demand for renting ready-built factories and warehouses in the North in the first halft of this year.

After a period of strong growth, the ready-built warehouse market in the South has no new supply. In the first six months of 2024, the occupancy reate reached 63% thanks to large transactions recorded at projects in HCM and Long An.

In contrast, the ready-built factory market had exciting developments when large-scale projects with a total area of more than 371.000m2 in Binh Duong and Dong Nai came into operation in the first six months of this year. Due to strong supply growth, the occupancy rate compared to the previous quarter reached 81%.

Warehouses and ready-built factories rental prices in the Southern market remained stable compared to the previous quarter, reaching 4.5 and 4.9 USD/m2/month, respectively. With a growth rate of 2% over the same period last year for warehouses, and 1% for factories.

The demand for ready-built warehouses in the South comes from manufacturers in the high-tech and renewable energy sectors, in addition to the expansion of companies in the e-commerce sector.

Opportunity when manufacturers expand factories

For the industrial land market, industrial land prices in tier 1 markets in the North increased slightly by 0.3% over the previous quarter and 4.5% over the same period. Reaching an average threshold of 134 USD/m2/remaining term.

For the Southern region, industrial land prices in tier 1 southern markets remain at 173 USD/m2/remaining term. Stable compared to the previous quarter and increased 1% over the same period last year.

The absorption area in the first six months of 2024 reached more than 220 hectares, helping the occupancy rate in the Northern region maintain at 83%. Manufacturers in the electronics sector continue to lead the Northern market, with large transactions coming from Victory Giant or Foxconn in Bac Ninh.

In the Southern market, the occupancy rate is stable at 89% and the absorption area reaches more than 259 hectares in the first six months of 2024. Manufacturers tend to expand to markets such as Long An and Ba Ria-Vung Tau (where industrial land fund is still relatively abundant with more competitive rental prices compared to other tier 1 markets such as Ho Chi Minh City, Dong Nai, Binh Duong).

According to CBRE, in the first six months of 2024, FDI disbursement into Vietnam reached 10.8 billion USD, the highest in the past 5 years. Along with that, a series of large factories in the two regions started construction, notably the Pandora factory (Binh Duong), Suntory Pepsico factory (Long An) or SK factory (Hai Phong), continuing to see positive signs of industrial real estate.

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Long An organizes dialogue with FDI enterprises

On May 29th, Nguyen Van Duoc – Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Council, Nguyen Van Ut – Chairman of the Provincial People’s Committee chaired the Dialogue Conference between provicial leaders and more than 100 foreign investment (FDI) enterprises investing in Long An province. Also attending the conference were Huynh Van Son – Vice Chairman of Provincial People’s Committee, and leaders of relevant departments and branches.

At the beginning of the dialogue, Mr.Nguyen Van Duoc appreciated the companionship and contribution of the business community, including FDI enterprises, to the overall development of the province.

He affirmed that this is an opportunity for provincial leaders, departments and branches in the province and FDI enterprises to have the opportunity to meet, grasp the requirements, aspirations, difficulties, problems; suggestions and recommendations of FDI enterprises in the process of production and business activities in the province.

Some issues that FDI enterprises are concerned include:

  • Transport infrastructure connecting Ho Chi Minh City and industrial parks,
  • Green energy – carbon credits,
  • Regional minimum wage and regional adjustment,
  • Tax refund policy,
  • Develop high quality labor resources,
  • Taking advantage of the province’s human resources who have interned in Japan,
  • Policies to support youth starting a business…

With the spirit of inquiry, frankness, and responsibility, the dialogue was answered to the right focus point by leadership representatives. For issues that businesses still have problems with, they will urgently review and promtly resolve proposals from investor and businesses.

Cumunlatively until today, Long An has attracted over 1,300 FDI projects, total registered capital reached over 11.2 billion USD and 2,215 domestic investment projects, capital over 300,000 billion VND.

With this result, Long An continues to remain in the TOP of the country interms of investment attraction.

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Long An ranks first in the Mekong Delta in attracting FDI

Accumulated from the beginning of 2024 until now, Long An has received FDI capital from 40 countries ang territories. Overall, there are 1,282 projects with a total registered capital of over 11.1 million USD, leading the Mekong Delta.
Promote solutions to improve the investment environment

According to a report of The People’s Comittee of Long An province, in the first quarter of 2024, the province’s gross product (GRDP) is estimate to increase by 4.83%. This is a positive growth rate, the hightest compared to the same period in the last 2 years. This shows that the province’s economy has a positive recovery. Currently, Loang An targets economic growth in 2024 from 8 to 8.5%.

According to Mr.Nguyen van Ut – Chairman of Long An Provincial People’s Comittee, he directed departments and localities to strengthen the implementation of statistics, forecasts and effectively deloy solutions to restructrure the ecomy. Associciated with innovating more synchronous, comprehensive and substantive growth model. Improve the investment environment, improve quality and efficiency in attracting investment.

Long An ranks first in the Mekong Delta in attracting FDI

In addition, based on data from the Department of Planning and Investment off Long An province as of the end of the first quarter of 2024, there are 503 newly established enterprised, with a total registered capital of over 6.9 billion VND compared to the same period. In general, the number of businesses increased by 39% and registered capital increased by 67% .

Notably, there are 8 business projects established by domestic investors (DDI) with a total capital of 2.3 trillion VND. Up to now, the whole province has 17,429 businesses registered to operate, with a total capital of over 379 trilion VND, 2.213 DDI projects with registered capital of over 300 trillion VND.

Cumulatively since the begining of this year, the province has issued investment certificates for 21 FDI projects with new investment capital of 166 million USD. Long An receives FDI capital from 40 countries and territories with 1,282 project, total registered capital of over 11.1 million USD. Countinues to reaffirm its position in the top 10 provinces and cities in the country and leading the Mekong Delta in attracting FDI.

According to statistics from the Department of Industry and Trade of long An province in March 2024, the industrial production index increased by 5.12% over ther previous month. Accumulated by the end of the first quarter of 2024, the industrial production index increased by 4.33% compared to the same period in 2023.

Long An ranks first in the Mekong Delta in attracting FDI

After investment promotion conferences and business trips abroad, provincial leaders have received and worked with many agencies, organizations, and business delegations from the United States, Singapore, Korea, Japan, China, and Taiwan to research and explore investment opportunities in the province. Especially high-tech projects, semiconductors, waste treatment, clean energy, green credit.

Resolve problems

In order to improve Long An’s investment environment, build trust and position in the strategic vision of investors from key markets, the People’s Committee of Long An province also directs the building of an effective and efficient administration, tightening administrative discipline; Strengthen national defense and security, ensure social order and safety.

At the same time, the Department of Planning and Investment was assigned to actively coordinate with relevant agencies and direct the effective implementation of the Provincial Planning Implementation Plan for the period 2021-2030, with a vision to 2050.

In addition, focus investment resources on upgrading the province’s socio-economic infrastructure system overall and synchronously. In particular, transportation infrastructure must have focus, key points, and regional connectivity. Open up new development space, increase investment attraction through innovation and creativity. Proactively change investment promotion thinking to adapt to the trend of shifting investment waves in the world; creating important breakthroughs to successfully access and attract domestic and foreign capital.

Long An ranks first in the Mekong Delta in attracting FDI

It is known that recently the Department of Planning and Investment of Long An province actively supported investors in accessing legal information and promptly resolved related problems. Currently, the department is establishing a Steering Committee to remove difficulties for key projects, in order to promptly overcome bottlenecks in attracting and receiving investment projects in the area.

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Real estate stopped cutting losses, waiting for prices to increase

Towards the end of the year, real estate losses tended to decrease, many landowners chose to hold out when seeing positive signals from the market.

In early October, Joint Stock Bank Branch Director – Ms. Ngoc put up for sale her private house of 38.4 m2 in Phu Nhuan District, Ho Chi Minh City. Now she decided to stop and wait for the market to improve.

She said, this house was initially listed for sale for 5.3 billion VND. According to estimates, after negotiating with the buyer, the transaction can be down to about 5 billion VND, at this price the sale can be closed.

 

This level has decreased by 20% compared to the peak (2020 – 2021), but many customers came to see it and then negotiated the price down to 3.5-4 billion VND so they could not sell it.

According to the sharing, Ms. Ngoc does not often use this house so she wants to sell it and get her money back. Her finances are debt-free, so she doesn’t have to cut losses at all costs. Therefore, she decided to wait for the market to stabilize before selling again.

Mr. Phuc (residing in Thu Duc City) also stopped selling his land in Thu Dau Mot City after being pressured many times by customers. He said that the land lot purchased in 2021 for 3.6 billion VND, now sold for 3.2 billion VND, is still highly criticized.

“This selling price compared to when I bought it was a loss of 400 million VND, but customers still want to reduce it further. I decided to keep it and wait for the market to recover before selling it,” Mr. Phuc said.

The motivation for Mr. Phuc to keep the property is because bank interest rates have cooled down, he has borrowed money from the bank, and currently does not need to sell his house anymore, so he wants to wait a little longer for the market to improve.

Recently, transaction cessation has become more common, especially after bank interest rates dropped sharply and new legal policies were passed. Most of the products temporarily suspended from trading are small, registered plots of land in residential areas and individual houses in the inner city. Most of the products temporarily suspended from trading are land plots with small areas and individual houses in the inner city.

With the private house segment, the reason for flipping is mainly because the owner adjusted the price previously negotiated with the broker. The owner emphasized that he did not want the price to drop further. As for the land segment, information about the upcoming tightening of land division and separation makes many people expect that the land plots that have been separated and legally completed will be more “valuable”. If they are not financially stuck, the owners want to keep it instead of selling it cheaply at present.

In November, the wave of sales to cut losses on land and individual houses cooled down, and deep discounts of 30-35% were no longer common.

Primary land and housing prices in Ho Chi Minh City and neighboring provinces recorded an average decrease of 3-10% over the same period in 2022And it only decreased in the group of high-value products with incomplete infrastructure and legality. As for the secondary market, prices and transactions maintain a sideways trend.

According to Mr. Le Hoang Chau – Chairman of Ho Chi Minh City Real Estate Association, although real estate has passed the most difficult period, it is not the end of the chain of difficulties. Compared to the beginning of the year, the market has only partially overcome difficulties, meaning there are still many difficulties that need to be resolved in order to fully recover.

Accordingly to Mr. Ngo Quang Phuc – General Director of Phu Dong Group, recommends that if investors accept to hold land, they need to wait another 6-12 months to have liquidity again. If the financial foundation cannot hold out until then, the owner should accept a partial sale.

(Source: VnExpress)

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Industrial real estate is popular

Despite other gloomy segments, industrial real estate continues to grow steadily with rental prices increasing by up to 30%.

Fulian Precision Technology Component, a subsidiary of Foxconn, has invested 621 million USD in Bac Giang. Earlier this year, they spent 62.5 million USD to rent 45 hectares of land located in Quang Chau industrial park, with a term until February 2057. It is expected that this will be the location of a new factory to assemble iPads and AirPods for Apple.

In the first half of the year, Goerteck (Hong Kong) was in the top 5 units with high capital injection in the manufacturing industry in the North with 280 million USD. This company’s third project in Bac Ninh specializes in manufacturing consumer electronic products, communication equipment, and optical instruments, expected to come into operation in 2024. To deploy, they rented 62.7 hectares of land in Nam Son – Hap Linh industrial park to build a factory.

While the Northern industrial parks welcome many electronic technology, automation or solar energy equipment customers looking to rent land, the South receives a series of large tenants in a variety of industries from tires, beverages to textile.

For example, Binh Phuoc welcomed the province’s largest investor – Shandong Haohua Tire, registering half a billion USD in capital. This Chinese tire manufacturer leased 43 hectares of land in Minh Hung – Sikico industrial park. Or mention Suntory Pepsico Vietnam, which leased 20 hectares of land in Huu Thanh IDICO Industrial Park to implement a 185 million USD investment project in Long An.

In the first nine months of the year, foreign direct investment (FDI) registered in Vietnam was nearly 20.21 billion USD, up 7.7% over the same period. Specifically, capital poured into processing and manufacturing took the lead, reaching more than 14 billion USD, accounting for nearly 69.3% of total registered capital and increasing 15.5% over the same period, according to the Foreign Investment Department.

Foreign investors in the manufacturing sector continuously come to Vietnam to help stabilize the industrial real estate market. According to a recently published report by Savills, industrial parks nationwide have an occupancy rate of over 80%. Northern key provinces reached 83% and southern key provinces reached 91%.

Regarding supply, in 2023, 397 industrial parks were established with a total land area of 122,900 hectares. Of these, there are 292 active zones with a total area of more than 87,100 hectares. And 106 other areas are being built with a total area of 35,700 hectares.

Despite large additional supply, rents still increase. In the North, rental prices increased by 30%, reaching an average of 138 USD per square meter per rental cycle (from 102 USD last year). 

In large industrial provinces in the South (Binh Duong, Dong Nai, Ba Ria – Vung Tau, Long An, Ho Chi Minh City), rent increased from 152 USD last year to 174 USD per m2. Supply in these localities is limited. Binh Duong, Dong Nai, and Ho Chi Minh City have very high occupancy rates, 99%, 96% and 95% respectively.

The industrial real estate market is forecast to continue to be promising. According to experts, despite global difficulties, Vietnam is expected to continue to welcome the wave of shifts in the global production supply chain to competitive production centers in Southeast Asia.

Savills also recorded an increasing number of requests and site surveys from multinational manufacturing, logistics and e-commerce businesses, reflecting growing demand for industrial products.

According to Mr. John Campbell, Vietnam’s attractiveness is maintained thanks to its young workforce and competitive costs, export-oriented economy, stable business environment, geographical location, and active participation. into Free Trade Agreements.

However, industrial real estate in Vietnam still has 3 challenges. Firstly, the quality of all traffic infrastructure in Vietnam is still lower than other countries in the region. Transportation infrastructure is expanding rapidly but development has not yet met the pace of economic and social growth. In fact, in 2023 Vietnam has dropped 4 places compared to 2018 in the World Bank’s logistics performance index (LPI), down to 43 globally.

However, industrial real estate in Vietnam still has 3 challenges.

  • Firstly, the quality of all traffic infrastructure in Vietnam is still lower than other countries in the region. Transportation infrastructure is expanding rapidly but development has not yet met the pace of economic and social growth. In fact, in 2023 Vietnam dropped 4 places compared to 2018 in the World Bank’s logistics performance index (LPI), down to 43 globally.
  • Secondly, as the focus shifts to attracting high value-added industries and increasing productivity to be on par with regional countries, the demand for skilled labor will increase. Labor costs in Vietnam are only a third of those in China (329 USD per month compared to 1,119 USD per month) but productivity is also lower at the same level.
  • Thirdly, strictly new fire regulations have created obstacles for industrial developers, manufacturers and logistics companies. Foreign investors are having difficulty obtaining the appropriate certificates and some projects have been delayed because of this problem.

Benefits of building steel factory

In recent years, steel factories have become a popular choice for many businesses. So why should you choose to build a steel factory? This article will help you better understand the benefits of building a steel factory

Factory construction is an important and expensive process in developing manufacturing enterprises. Therefore, choosing construction materials is also very important to ensure safety and efficiency in production activities.

Low cost

One of the biggest benefits of building a steel factory is its lower cost compared to other materials such as concrete or wood. Steel is a very popular and easy to find material, so its price is also very reasonable. In addition, this also helps save on transportation and installation costs because the parts are pre-manufactured and can be assembled quickly.

Save time

Time is an important factor in production activities. Building a factory with steel saves time compared to using other materials. Because steel factory parts are pre-manufactured and can be quickly assembled, the construction process will go faster and there will be less time spent waiting for parts to be produced.

Durable

Steel is a very durable material and can withstand many impacts from the external environment such as wind, rain, sun and humidity. Therefore, building a steel factory will help the factory last for a long time without needing to be replaced or repaired.

High safety

Building a steel factory also ensures absolute safety for production activities. Steel is a very sturdy material and has good bearing capacity, thus minimizing the risk of collapse or accidents during factory operations.

Easily expandable

You can easily expand the production area when necessary. The factory’s parts are pre-manufactured and can be quickly assembled, so expanding the production area will not take much time or cost.

Easy to repair

If there are any problems with the factory, repairing will also become easier when using a steel factory. Because factory parts are pre-manufactured and can be replaced quickly, repairs will not be time-consuming or costly.

Environmental protection

The use of steel factories also contributes to environmental protection. Steel is a highly recyclable material and causes less pollution to the environment than other materials such as concrete or wood. In addition, building factories with steel also helps minimize the exploitation of natural resources.

Energy saving

Steel factories also help save energy during the production process. Steel is a material with good thermal and sound insulation properties, so it will help keep heat and sound inside the factory. This will help minimize the use of machinery for air conditioning and minimize noise during the production process.

Easily change designs

By using a steel factory, you can easily change the design of the factory when necessary. Factory parts are pre-manufactured and can be easily repositioned, so changing the design will not take much time or cost.

Flexible in use

Steel factories also give you flexibility in the use of production space. Because factory components are pre-manufactured and can be quickly assembled, you can easily change the production area to suit current production needs.

Thus, building steel factories brings many benefits to manufacturing businesses. Low cost, time saving, high durability, absolutely safe, easy to expand and repair, environmental protection, energy saving, easy to change design and flexible in use. These are the main reasons why building steel factories has become the top choice of many businesses.

Therefore, if you are planning to build a factory for your business, consider and choose steel materials to ensure safety and efficiency in production activities.

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Industries suitable for the 300m2 factory model

A 300m2 factory is a small factory, often chosen by small businesses for production. Check out the top 5 occupations suitable for a 300m2 factory with Ossif!

With a small area, manufacturing businesses need to calculate and choose appropriate production lines to bring in the highest revenue and profits.

300m2 factory – suitable for the electronics and information technology industry

Business forms of the electronics and information technology industry include:

– Production of basic electronic and optoelectronic components for daily life. These components include: Transistors, integrated circuits, sensors, resistors, capacitors, antennas,…

– Production of quartz components for complex circuits and electronic boards.

– Production of electronic components for the assembly industry such as rubber components or plastic components, glass components,…

– Production of materials for electronic components: hard and soft magnetic materials; insulators, conductors,…

– Production of batteries for electronic devices such as phone batteries, laptop batteries,…

300m2 factory – suitable for textile technology industry

The textile technology industry is considered one of the most suitable industries for the 300m2 factory model. Business forms of the textile technology industry include:

– Production of natural fibers from cotton, jute, hemp, silk,…

– Production and manufacturing of synthetic fibers: PE, Viscose,..

– Fabric technology: technical fabrics, nonwoven fabrics

– Other accessories serving the textile industry: buttons, mex, zippers, elastic bands,…

300m2 factory – suitable for the mechanical manufacturing industry

Production forms of the mechanical engineering industry include:

– Available molds upon request: casting molds, stamping molds,…

– Tools for the mechanical industry: cutters, drill bits, electric knives,…

– All kinds of spare parts for machines serving the mechanical and manufacturing industries.

– Measuring tools serve many different industries.

– Details for machines that require high precision such as bolts, screws,…

– Steel manufacturing.

300m2 factory – suitable for the leather and shoe industry

Forms of business and production in the leather and shoe industry:

– Production of imitation leather fabric.

– Production of shoe soles.

– Producing all kinds of threads used for sewing shoes.

– Production of chemicals used for tanning leather.

300m2 factory – suitable for supporting industries

Supporting industry is an industry that produces products to serve other industries. Industries that produce materials, spare parts or accessories, components, etc. Specifically, supporting industries of the following industries: automobiles, motorbikes and mechanical engineering.

In general, businesses such as: auto parts production, packaging processing, packaging production, beer production, furniture production, cosmetics production,…are industries suitable for factories with an area of about 300m2.

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