Established in Feb 2019 as a foreign-owned company, the subject specializes in manufacturing electric motors for air-conditioners and motor components. The company's factory was officially put into production in Jul 2019. Presently, most of the main materials are imported from China, Singapore, South Korea, and Malaysia; packaging and labels are purchased from the domestic market. According to the manager of the import-export department, more than 99% of the subject's output is exported to the USA according to the direction of its parent company. From the financial data, the subject grew strongly in the first years of operation. Total sales in the two last years were over VND 5.5 trillion, up over 52% compared to 2020. However, input expenses also rose remarkably, thus the profitability was average.
Headquarters
Workshop No. 27, Lot CN8, An Duong Industrial Park, Hong Phong Commune
Hai Phong municipality; Red River Delta;
Postal Code: 04000-05000
Contact Details: Purchase the Broad - Ocean Motor (Hai Phong) Company Limited report to view the information.
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