SUPER PROJECT OF OVER USD 400 MILLION INVESTED IN SONG CONG II INDUSTRIAL PARK (PHASE 2) – “ENTRUSTING GOLD TO THE RIGHT PLACE”, POSCO SIGNS CONTRACT WITH VIGLACERA
Amid the wave of global supply chain restructuring toward clean energy and electric vehicles (EV), Vietnam has marked an important milestone: POSCO Future M – a core member of the multinational POSCO Group – has officially signed a land lease in-principle agreement with Viglacera Thai Nguyen JSC to implement a large-scale battery materials production project at Song Cong II Industrial Park Phase 2.
This deal not only affirms Vietnam’s attractiveness in the high-tech sector but also continues to reinforce the position of Viglacera – a leading industrial park developer in Vietnam with more than 25 years of experience and the ability to attract high-quality FDI inflows.
A global strategic move of a “technology giant”
This is the first cathode material factory of POSCO to be implemented overseas, marking the global strategic expansion of the leading industrial group of South Korea, POSCO.
During the process of studying Song Cong II Industrial Park – Phase 2 of Viglacera, representatives of POSCO Future M not only highly appreciated the outstanding advantages in production costs and logistics but also praised the advantages of this industrial park such as good geological foundation, stable and high-capacity power supply, along with modern technical infrastructure. These are the key factors that give POSCO Future M confidence to implement its global supply chain expansion strategy.
Why did POSCO choose Song Cong II Industrial Park – Phase 2 of Viglacera?
After the signing ceremony, during the site visit, POSCO Future M once again directly inspected the technical infrastructure system at the project. The delegation expressed satisfaction with the modernity of Song Cong II Industrial Park – Phase 2.
The investment decision comes not only from market vision but also from infrastructure advantages and the strategic location of the industrial park: Stable geological foundation, suitable for large-scale industrial construction; High-capacity power supply, ensuring continuous production requirements of the battery materials industry; Synchronous and modern infrastructure oriented toward a green-smart industrial park; Competitive production costs and outstanding logistics advantages; Direct connection to the Hanoi - Thai Nguyen expressway and Ring Road 5, creating an optimal transportation corridor for the northern supply chain.
Notably, despite being in operation for just over a year, Song Cong II Industrial Park – Phase 2 of Viglacera has quickly become fertile ground attracting a series of high-tech projects. From electronics manufacturing, PCB boards to semiconductor and module sectors… The presence of POSCO continues to create strong resonance.
The convergence of major corporations is gradually forming a large-scale high-tech industrial ecosystem, closely linked with the supply chain of Samsung and other global corporations right on the traditional industrial land of Thai Nguyen.
With a strategy of developing clean land funds, green-smart infrastructure and comprehensive accompanying services, Viglacera is steadily affirming its role as a leading “industrial launchpad” for global corporations when expanding production in Vietnam.
| Not only a leading steel producer in the world, POSCO is now a multinational corporation expanding into energy, automotive components and equipment, batteries, etc. Among them, POSCO Future M is the only unit in South Korea capable of simultaneously producing both cathode and anode materials, playing an essential link in the global supply chain of high-end electronics and electric vehicle corporations. |
For more detailed information, please contact:
Viglacera Real Estate Company
Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com
