Established in 2011, SHIN-ETSU VIETNAM, a large FDI company in Hai Phong City, specializes in manufacturing rare earth magnets. SC has continuously scaled up its business and factory in recent years. The subject' new expanded projects are expected to be completed at the end of 2023, shared by the chief accountant. The subject's products are wholly exported overseas, either to the parent company in Japan - SHIN-ETSU CHEMICAL CO., LTD, or to other clients in the Philippines, China, Malaysia, and Thailand in accordance with the directions of the parent company. Thanks to an increase in the production capacity and the price of the rare earth magnet led to impressive revenue improvement in 2021 and 2022. However, there has been a depression in orders recently because of the impact of the post-Covid-19 economic recession.
Headquarters
Lot CN5.2D, Petro - Chemical Area, Dinh Vu Industrial Park, Dong Hai 2 Ward
Hai Phong municipality; Red River Delta;
Postal Code: 04000-05000
Contact Details: Purchase the Shin-Etsu Magnetic Materials Vietnam Co., Ltd report to view the information.
EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.
Request a demo of the EMIS serviceTo view more information, Request a demonstration of the EMIS service