11:15 | 03/10/2014 Companies
(VEN) - Only a few domestic businesses operating in the field of support industries are capable of producing rare materials for domestic sale and export. Although their output and export value remains not very high, these products are important materials for heavy industries. Carbon Vietnam Co., Ltd is one of these businesses. The company will participate in Vietnam’s International Exhibition on Machine Tools and Metalworking solutions for Production Upgrade (Metalex Vietnam 2014) to be organized by Reed Tradex this October. Vietnam Economic News’ My Phung and Ngoc Long spoke with Luu Trung Manh, Regional Managing Director of the company.
Could you briefly describe the company’s products?
Established in 2003, Carbon Vietnam currently has a head office in Hanoi, a representative office in Ho Chi Minh City and another representative office in Singapore. Our products include natural active coal, zinc oxide and special carbon products for which businesses in the field of heavy industries have demand. We have exported our products to countries with developed industries in the EU, North America and Japan. In 2009, the company concentrated on recycling aluminum to make aluminum bars. We have also been capable to make ferrous and non-ferrous metal castings. The company’s operations focus on producing rare materials for heavy industries.
What do you think of the existing condition of the domestic casting industry and its potential for future development?
The Vietnamese casting industry has met numerous difficulties despite it being the backbone of the manufacturing industry. Most domestic casting businesses just do outsourcing jobs and their products don’t meet customer requirements. Carbon Vietnam has played the role of a bridge helping foreign customers seeking casting products in Vietnam, but 90 percent of foreign businesses coming to Vietnam haven’t found casting products that meet their requirements. Domestic casting businesses have failed to compete with foreign rivals. Meanwhile, the demand for casting products of sectors such as mining, shipbuilding, machine-tools and auto manufacturing is very high. Many businesses from the Republic of Korea and China are seeking opportunities to invest in Vietnam in this field.
What has Carbon Vietnam done to contribute to promoting the domestic casting industry?
In the recent period, the company has contributed to the domestic casting industry through specific activities. In the field of human resource training, we have coordinated with the Hanoi University of Science and Technology, the Ho Chi Minh City University of Technology and the Thai Nguyen College of Mechanics and Metallurgy to present scholarships to their students and provided them with some machinery to facilitate teaching activities. The company has also cooperated with the Vietnam Foundry and Metallurgy Science and Technology Association to organize workshops with the participation of experienced casting experts from European and Asian countries. To promote the foundry industry, the government should assist large businesses in terms of tax discounts, production space and help them build websites to share data. In addition, the government should choose several large businesses to share experiences with private companies. Furthermore, casting companies should reduce prices to domestic customers to maintain stable sales.
How has Carbon Vietnam popularized its brand?
The company has an annual budget for trade promotion and participation in exhibitions in large markets such as the EU, North America and China. We participated in Metalex Vietnam, an annual specialized expo in the field of support industries, to popularize our products.
Next year, we will cooperate with the authorities to organize a workshop on the Asian foundry industry to help domestic casting businesses access new development and market trends so that they can build their position in the global market. In the time to come, the company will concentrate on recycling industrial waste and it will need more support from the government and people’s cooperation in classifying waste./.