Located in Gia Phu Industrial Zone in Ninh Binh, the facility is expected to create about 2,000 jobs for local people.
The construction of ESMO VINA aims to improve production capacity to meet the demands of new orders, while enhance its competitiveness through the systematic production of specialized parts for hybrid and electric vehicles. Its key product line is Wiring Harness - the company's flagship product with a production volume of about 450,000 products per year - used in large and small buses as well as Battery Module Harness (battery module system), electric vehicle charger cable... with a view to the explosion of hybrid electric vehicles from 2020.
In the context of international agreements on emission reduction that are being implemented to fight against climate change and the greenhouse effect, reducing emissions from vehicles is also one of the important tasks for automobile manufacturing enterprises. Electric vehicles and hybrid vehicles are becoming more and more popular, leading to the development of the corresponding parts industry that ESMO is one of the pioneers.
Based on the long-history manufacturing experience as well as a team of high-quality local and international engineers, ESMO Group is expected to contribute to promote economic growth for Ninh Binh in particular and Vietnam in general. At the same time, it is expected to help not only upskill local labor force but also enhance local competitiveness in comparison with other regions.
ESMO is currently operating two manufacturing facilities, GoHyeon and RaeSeo, in Qingdao, China. In order to realize the goal of expanding the business scale to Southeast Asia, ESMO has just established Global Land Vina Co., Ltd operating in Vietnam in addition to building this third facility. The company also plans to increase the product volume for automakers concentrated in Southeast Asia that are rapidly growing.
Early this March, NEXEN TECH (currently ESMO) has partnered with UK business Volex which is expanding its business network with Wiring Harness, including the exclusive supply of Tesla Model 3 rechargeable cables (used in electric vehicles developed by Tesla Motors or equipment of Dyson UK) which is expected to launch by end of this year.
NEXEN TECH has just been renamed to ESMO early this May.