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Bulten Plans for New Establishment in Vietnam
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2025-01-14
Bulten and ZJK Vietnam Precision Components Co., Ltd, a part of the Chinese fastener company ZJK Precision Parts (ZJK), have signed a letter of intent to establish operations in Vietnam through a joint venture. Agreements have been signed between the parties with the aim of starting production in Vietnam in 2025. The background to the establishment is, as Bulten previously communicated, an increased demand for domestically produced micro screws among international customers in the consumer electronics industry with manufacturing in India and Vietnam. In late 2023 Bulten entered into a joint venture with ZJK and Indian Radium Fasteners Private Ltd (Radium) for the manufacture of micro screws and now a similar establishment is planned in Vietnam. “Bulten’s strategy is to grow within customer groups outside of automotive, which is our largest and most established segment. In recent years, we have had good development in the consumer electronics segment, especially in Asia, and see this trend continuing. It is against this background that we are now taking the next step and establishing ourselves in Vietnam. This will increase Bulten’s sales volumes and benefit profitability,” says Christina Hallin, Interim President and CEO of Bulten. The new joint venture plans to rent production facilities, which means limited investment costs and risk-taking for Bulten. Bulten’s ownership in the planned company will be 51 percent and ZJK Vietnam Precision Components Co., Ltd will own the remaining 49 percent. The proposed joint venture will be called Bulten ZJK Vietnam Company Ltd.
Bulten
ZJK Precision Parts (ZJK)
ZJK Vietnam Precision Components Co.
Ltd
越南據點
微型螺絲
汽車
消費性電子產品
establishment in Vietnam
micro screw
automotive
consumer electronics
德國杜塞道夫線材展
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
緊固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
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FASTENER POLAND
FASTENER FAIR ITALY
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