Home Tech Thaco with a localization strategy, participating in the global value chain

Thaco with a localization strategy, participating in the global value chain

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Investing in the development of spare parts factories, THACO has increased the localization rate of some models to over 40%, meeting the RVC (Regional Value Content) content criteria to enjoy the 0% tax rate. when exporting to ASEAN markets.

Handover ceremony of Thaco bus exported to the Philippines at Chu Lai Port Right from the start to invest in Chu Lai Open Economic Zone In 2003, THACO developed a localization strategy and joined the global value chain. In addition to investing in new construction and upgrading of automobile production and assembly factories towards automation, digital management for mass production according to customers’ specific requirements, THACO has invested in to build the largest industrial park manufacturing automobile components in Vietnam in Chu Lai Open Economic Zone, Quang Nam province with a scale of nearly 100 hectares. There are 12 factories manufacturing components – parts and mechanical complexes that not only supply Thaco’s auto assembly factories and domestic enterprises but also export to ASEAN and other countries. In the world. Products from these factories include: interior components, exterior of buses, trucks, passenger cars; composite components; tweezers; glasses; air-conditioner; shouting ceiling; tap-pi floor; passenger car bumpers; car body; chair and chair shirt; wire set; chassis and many other spare parts. The factories are transferring technology from Japan and Korea with modern machinery and equipment and implementing intelligent management throughout the value chain from ordering, manufacturing to distribution. Typically the Tweezers factory was transferred production technology from Daewon Corporation – Korea with modern chain systems and machines such as heat treatment line, ram line, ball injection line, zinc dipped painting line. and quality control equipment on each stage. The Plastic Components Factory is equipped with a 3,200-ton injection molding machine system, the most advanced plastic coating technology in Vietnam with paint robot and automatic coating system. Car Chairs Factory invests in modern automatic machinery imported from Europe and Korea, produces chairs for many types and brands of cars. To master technology and design, Thaco has invested in building an R&D center, improving the capacity of research and development of components and spare parts products; At the same time, joint ventures and associates with partners to receive and transfer new technologies to improve the technology content in products and receive technical support for the production of spare parts of trucks, buses and vehicles. tourism based on technology transferred from Korea and Japan. At the same time, Thaco invests in the mold industry, which is considered the “foundation of the industry”, which is used in many manufacturing industries. In order to develop the mold manufacturing industry for automobile production and other industries, Thaco Chu Lai Mechanical Complex has invested in manufacturing molds in the direction of producing large quantity products and production time. short, high quality, to meet the growing demand of the market. Since 2016, Thaco Chu Lai Mechanical Complex has put into operation the Mold Factory with a capacity of 600 sets / year, mechanical processing reaching 3,500 tons / year. The factory manufactures and supplies high-quality, high-durability, diverse types and sizes of mold products such as plastic injection molds, plastic extrusion molds, stamping molds … precision mechanical machining and heat treatment. The factory is invested with advanced technology lines and modern machinery imported from Germany, Japan, and Korea such as CNC machining line, bed milling machine, deep hole drilling machine, OKK milling machine, electric firing machine, wire cutting machine, mold screening machine, vacuum furnace … A team of engineers are trained professionally by Korean experts with a lot of experience in the field of mold production. In particular, the factory always updates and applies the trends new technology research and production in order to increase the technology content and diversify products, to suit the needs of the domestic market and to meet the specific requirements of the export market. Over the past time, the factory has provided plastic injection molds and molded components used in automobile production and assembly such as vehicle bumpers, throttle faces, hand brake cladding molds, pipe suspension molds. exhaust, integrated mold details of spring suspension …; manufacturing plastic injection molding and injection molds for civil plastic pallets, plastic propellers, paint tanks, plastic baskets, plastic chairs, stainless steel sink stamping molds, filter details … and some extrusion products including: extrusion molds T-brace, extrusion mold for seat contour details, plastic pipe extrusion mold, hydroponic plastic pipe mold … The products are supplied to automobile manufacturing and assembling factories, domestic and export enterprises. . In 2018, Thaco Chu Lai Mechanical Complex cooperated with the Mold factory to implement the State-level science and technology topic: “Research, design, successfully manufacture molds for some truck parts”. After 2 years of implementation, the topic has completed the set objectives such as: Mastering the technology of designing and manufacturing molds for automobile components including conjugate stamping molds, clawing molds, plastic injection molds; improve the scientific and technological content and increase the localization rate for the truck parts, reduce the price of molds compared to import. On the basis of the results of the project, in 2020, the factory will step by step design and manufacture other molds for all kinds of tourist cars such as skylight frame claw molding, vehicle bumper plastic mold, passenger compartment cladding. interior – exterior plastic details … With a methodical investment strategy, up to now, Thaco has mastered the technology of manufacturing components such as glasses, chairs, tweezers, electrical wires, mechanical components (moving parts of passenger cars, car trunks, exhaust pipes, etc.). ben, bus skeleton, punching components, …), plastic components (plastic barriers, interior plastic components, …), air-conditioning systems, composite components … Investing in the development of spare parts factories, Thaco has increased the localization rate of some models to over 40%, meeting the RVC (Regional Value Content) content criteria to enjoy the 0% tax rate. when exporting to ASEAN markets; at the same time exporting auto parts, gradually joining the global value chain. The most exported products are bumpers, passenger car belts, car tweezers, passenger car seats … Main export markets include Korea, Japan, Russia, Philippines, Kazakhstan, Malaysia, Singapore, Turkey, Bangladesh, Thailand, Indonesia, Australia, Germany. Right in the first quarter of this year, Thaco exported more than 200 cars and spare parts to markets in Thailand, Myanmar, Japan and South Korea. This is the largest shipment ever, including Kia passenger cars, buses and trailers, produced at factories in Thaco Chu Lai Industrial Park. Kia passenger cars manufactured by Thaco are increasingly appreciated by customers in ASEAN countries because their quality is equivalent to cars made in Korea, meeting the global Kia standards and competitive prices. In the plan of 2021, Thaco will export 1,480 cars to Thailand and Myanmar and expand to other markets, step by step realizing the goal of becoming a hub for manufacturing and exporting cars and spare parts of Kia Motors. in the ASEAN region. Also in this phase, Thaco’s buses were exported to Thailand for VOLVO Buses Company – the world’s largest bus manufacturer, belonging to VOLVO Group. Meet VOLVO’s requirements for technology, quality, safety and competitive price; reaching the localization rate of over 60% and meeting the standards and certifications in Thailand (in terms of design, size, ECE certifications …), Vietnamese-brand Thaco buses have been selected by VOLVO Buses. choose import and distribution. This shipment will pave the way for a plan to export 66 buses to Thailand and Korea this year. Currently, Thaco continues to invest in building new industrial supporting factories towards automation; Establishing Mazda car parts manufacturing factories when the output is large enough (50,000 units / year) by form of joint venture, association, technology transfer with partners who are component suppliers of Mazda Japan Copy; joint ventures and cooperation with foreign partners to invest in the construction of factories producing export products in THACO Chu Lai Industrial Park. In 2021, Thaco will research and develop new products such as PU closed mold, aluminum die casting, plastic blow molding, guide spindles and manual silver in molds, cutting knife – cos presses, product pushers. products in plastic molds. The factory also invests in modern specialized machinery and equipment (small 5-axis CNC milling machine, 3-dimensional coordinate measuring machine, fast mounting system for CNC milling machine, high-speed machining technology, machining technology. processing of hard materials…) to increase production capacity; at the same time, cooperating with mold manufacturing and precision mechanical processing partners to form a nationwide supply chain.