The project for manufacturing monocrystalline silicon rods and semiconductor wafers of Runergy PV Technology Co., Ltd (Thailand) in Hoang Mai I Industrial Park, Hoang Mai town, Nghe An province has now been approved for investment policy.

After being approved for the investment policy (June 22, 2023), the project for manufacturing monocrystalline silicon rods and semiconductor wafers of Runergy PV Technology Co., Ltd (Thailand) with a total investment of more than 400 million USD is currently in the process of adjusting the investment certificate. The project's factory has a design capacity of nearly 40,000 tons of silicon rods/year, nearly 30,000 tons of semiconductor wafers/year. Products and services provided include: silicon rods, semiconductor wafers and factory leasing activities. The project is expected to complete the procedures to be handed over the site; deploy factory construction and procurement of machinery and equipment from June 2023 to October 2023; produce trial and official production of the first phase of the project in November 2023; by June 2025, the whole project will be put into operation.

The investor of the project is a wholly owned subsidiary of Jiangsu Runergy New Energy Technology Group (China); was founded in 2013, headquartered in Yancheng, Jiangsu, China and is one of the leading enterprises in the solar battery manufacturing industry with a staff of more than 4,500 people working in production and research facilities in Asia and the Americas.

The group's revenue in 2022 was recorded at more than 3 billion USD, up 95% over the same period. On July 07, this company established a project enterprise in Viet Nam called Runergy PV Technology (Viet Nam) Co., Ltd. Mr. Song Wen Xiang - General Director of Runergy PV Technology (Thailand) Co., Ltd is the legal representative of the company.

With the development strategy of "integration, globalization", the group has chosen the Southeast Asian market as a strategic location to expand production, towards the goal of completing the supply chain abroad. It is expected that in the 2023-2025 period, the group will continue to promote investment in projects to produce monocrystalline silicon, crystalline semiconductor wafers, and industrial silicon with an estimated total investment capital of nearly 3 billion USD in the Southeast Asian market. The investment project to produce crystalline semiconductor wafers in Nghe An is the first project in the group's series of investment plans in Viet Nam, with subsequent projects that can increase the group's total investment capital in Viet Nam up to 1.2 - 1.4 billion USD..

 “The Government's efforts to attract investment, economic development and an attractive investment environment are the main factors for our group to decide to invest in Viet Nam, of which Nghe An is one of the priority destinations for the group's projects" - Mr. Dao Long Trung - Chairman of Jiangsu Runergy New Energy Technology Group said.

The latest project attracted in Hoang Mai I Industrial Park (Nghe An) has contributed to increasing the occupancy rate of this industrial park to 82%, with typical projects with large investment scale of Juteng Group (120ha, total investment capital of 200 million USD), Hoa Loi (13.9ha, total investment capital of 56 million USD), Runergy (30 ha, total investment capital of 200 million USD), investment capital of 440 million USD). It can be said that Hoang Mai I Industrial Park in particular and Hoang Mai town in general have been gradually appearing on the investment attraction map for foreign investors when researching and choosing project investment locations in Nghe An in particular and Viet Nam in general.

Hoang Mai I Industrial Park

Talking to us, the leader of Hoang Thinh Dat Joint Stock Company, the investor of Hoang Mai I Industrial Park, said: With the advantages of nature, social infrastructure and infrastructure being focused on synchronous development, the province's business investment environment being positively innovative, Hoang Thinh Dat Joint Stock Company will continue to invest in the next projects in Nghe An province with synchronous planning and orientation to promptly meet the needs of existing investors and accompany with Nghe An province to ready to welcome the wave of FDI capital flows in the coming time, aiming to develop a prosperous and beautiful homeland.

C.L

Source: Nghe An Newspaper (August 18, 2023)