Varroc Vietnam Company Limited (Vietnam)

The core business activity of the subject is to manufacture and supply lamps for motorbikes such as 2-wheeler headlamps, rear lamps, fog lamps, flashers, and other signal lamps. Its major customers include Piaggio and Yamaha. Currently, about 50% of the products are exported to foreign markets. According to an accountant, its sales in FYE 31 Mar 2023 increased slightly over the previous year. However, in early 2023, the subject saw a reduction in orders, the accountant said.Noticeably, the subject has just increased its charter capital to VND 78,916,141,755 since August 09, 2023. As revealed, the purpose of this capital increase is to expand scale. Namely, the subject has leased another factory at Lot 38, Quang Minh Industrial Park to produce electronic components to service production activities of the factory at Lot 24+25.