KSTAR building first Vietnam plant in overseas expansion
PR95901
SHENZHEN, China, May 10, 2022 /PRNewswire=KYODO JBN/ --
KSTAR, the global power conversion expert, today announced that its first
Vietnam manufacturing factory, called KSTAR Vietnam Project Phase I has
officially topped out.
Occupying an area of 47,715 square meters, KSTAR's new Manufacturing-Base is
located in Haiphong City, the biggest port city in Northern Vietnam. It's being
built to meet the surging demand of its export orders and to support its strong
growth in the global market.
This facility has a two-phase construction plan with a total investment of over
USD 22 million. The first phase of the project will be completed in June. New
equipment could be installed and production started by the end of this year.
Construction for the second phase is expected to begin in 2024.
"The first phase of the plant is expected to produce 10,000 units of UPS, 1,000
units of modular data centers and 1GW solar inverters per year. This would be
the first time we used factories in Vietnam to enhance delivering service and
meet customer's desire for more diverse production bases," said Mr. Wang, the
project leader of KSTAR.
Once completed, 200 jobs will be available, generating important social and
economic benefits during the epidemic. Besides, the new plant is expected to
follow the company's policies of environmental protection.
"We are already leading the way in green manufacturing. Kstar is one of the 13
Chinese companies from the product manufacturing industry to be featured in the
Corporate Net Zero Pathway report released by the UN Global Compact. This is
the world's first report issued by UN agencies to guide and honor corporates'
efforts to achieve carbon neutrality," added by Mr. Wang.
KSTAR is widely known as the world's leading UPS maker. According to the
company's early statement, the shipment of the company ranked number five in
the global UPS market in 2021, moving one place up from 2019. The new plant
will not only boost the production capacity but also assist in KSTAR's global
expansion.
About KSTAR
Founded in 1993, Shenzhen KSTAR Science And Technology Co Ltd is a global
leader in the R&D and manufacture of UPS, PV inverter and ESS solutions.
Headquartered in China, KSTAR has nearly 3,000 employees, with business in more
than 150 countries, and 6 manufacturing and assembly facilities.
For more information:
Email: sales@kstar.com
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Source: KSTAR
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