An overview of the forum.[/caption]
At the forum, THACO INDUSTRIES representatives obtained in-depth information on EU market fluctuations, including supply and demand, consumer preferences, consumption trends, distribution channels, and logistics. They also explored the prospects and market potential for the mechanics and supporting industries in the EU, and learned about new policies, regulations, and standards on import and export. They also exchanged information with European businesses about product supply capabilities to look for opportunities to join deeper in the global value chain.
[caption id="attachment_15832" align="aligncenter" width="945"]
Ta Hoang Linh, Director General of the Ministry of Industry and Trade’s European-American Market Department, speaking at the forum.[/caption]
Mr. Ta Hoang Linh, Director of the MOIT's European-American Market Department, provided a comprehensive overview of the Vietnam-EU trade relationship, including updates on trade activities, an assessment of recent growth figures, and the potential benefits of the EVFTA and the upcoming EVIPA. He highlighted the agreements' potential to attract investment, facilitate technology transfer, support Vietnamese goods in meeting EU standards, and enable deeper and more sustainable participation in the global value chain.
From the European perspective, EuroCham Vietnam Chairman Mr. Gabor Fluit expressed high praise for Vietnam's regional advantages and competitiveness, and voiced optimism about the market's potential. Domestic and international speakers also highlighted the challenges and difficulties posed by the potential risks in the global economic climate and the growing emphasis on green and sustainable trade standards.
[caption id="attachment_15834" align="aligncenter" width="945"]
THACO INDUSTRIES's representative at the forum.[/caption]
Following the forum, THACO INDUSTRIES identified key EU regulations for strategic analysis and implementation, including the Border Carbon Adjustment Mechanism (CBAM), the EU Deforestation Regulation (EUDR), and the Corporate Sustainability Due Diligence Directive (CSDDD). By addressing these regulations, THACO INDUSTRIES aims to build a strong foundation for its European market expansion strategy. Additionally, the company will leverage its connections with EuroCham businesses, commercial counselors, and embassies established at the event to identify potential customers for its mechanical and support industry products in Europe.
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Press Releases
GRADUALLY MASTERES MOLD PRODUCTION TECHNOLOGY, AFFIRMS SUPPLY CHAIN POSITION
As a large-scale manufacturer in the mechanical and supporting industry manufacturing in Vietnam, THACO INDUSTRIES focuses on investing in mold and die manufacturing to make a variety of them for various industries.
Mold manufacturing technology plays an extremely important role in manufacturing and is considered the foundation of modern manufacturing by enabling mass production in a short time and with high precision.
However, to meet the requirements for autonomy in mold manufacturing technology, Vietnamese firms need to invest more in technology, expanding production scale and improving human resource.
Mastering mold manufacturing technology
In 2016 THACO INDUSTRIES put into operation a mold plant to serve THACO’s large-scale production activities and meet the market’s needs. In 2022 it invested USD 36 million to expand the plant’s area to 4,400 sq.m and annual capacity to 1,000 sets of molds and 2,000 tonnes of precision mechanical components.
Mold manufacturing is a highly automated industry, requiring complex techniques and high precision, and so THACO INDUSTRIES pays special attention to research and mastering technology.
THACO INDUSTRIES has invested simultaneously in all mold production processes such as preform mold design, deep hole drilling, CNC milling, EDM machining, wire cutting machining, CMM measuring, and mold assembly using modern equipment and machinery such as 5-axis milling machines from Japan, the first of its kind in Vietnam, press machines with a maximum pressure of up to 200 tonnes, and double head EDM machines that can work on one or two different molds. The machining process in CNC (Computer Numerical Control) machines is fully automated with digital control, ensuring accuracy, aesthetics and saving manpower and time.
THACO INDUSTRIES produces various products, including plastic molds, stamping molds, blow molds, extrusion molds, and SMC molds used in several sectors such as automotive, industrial, agriculture, and civil.
It boasts high capabilities in making medium and large-sized plastic molds as currently most mold manufacturing companies in Vietnam produce mainly small-sized molds due to their limited production scale, technology and equipment.
There is an increase in demand for molds in car and motorbike manufacturing, refrigeration and others. With its outstanding production capacity, a team of highly qualified experts and engineers trained in South Korea and modern simulation and calculation software (NX, Moldow, Hyperform…), THACO INDUSTRIES can design and develop products swiftly and meet technological parameters and the stringent requirements of customers.
The company has produced large, complex molds with high aesthetic features for the automotive industry such as 27-tonne truck bumper molds, passenger car rear bumper molds using Hiddenline technology, passenger car luggage trim molds and molds for passenger car interior components using 3D corrosion technology, passenger car sunroof frame stamping die.
THACO INDUSTRIES is a reputed mold manufacturing and supply partner for many brands such as Mazda, Kia, QCM, Doosan, Makitech, Hữu Toàn, THACO BUS, and LIXIL in the domestic market. It also exports many products to the US, Canada and South Korea
Affirming role in supply chain
THACO INDUSTRIES promotes R&D and learns new mold manufacturing techniques to help increase the rate of use of local parts in the automotive industry and improve the competitiveness of the country’s mold manufacturing industry.
The company is researching and analysing the simulation of flow in plastic molds and plastic deformation of metals in large plate stamping molds to produce passenger car bumpers and automobile body molds. These are large, complex molds and are of high commercial value. At the same time the production of these molds will boost mold manufacturing development for the automotive industry.
THACO INDUSTRIES is also developing products like aluminium pressure die casting molds, PU foam molds and heat press molds to supply to domestic customers and export to the US, Europe, and South Korea.
Mastering mold manufacturing technology helps THACO INDUSTRIES be proactive in production and business, completing the value chain in accordance with the “All-in-one” model (providing complete solutions from product research and development to processing and manufacturing, assembly and transfer of operation and maintenance) and highly competitive when participating in the global supply chain.
