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Sapa BTG continues investment and expansion, will double capacity in 2016

Aluminium consumption in Vietnam market has been increasing by 15-20 percent annually. It is used in many of our most important industries and industrial applications. Sapa and Benthanh Group approved the additional US$8 million investment to double production capacity at Sapa BTG, their joint venture in Vietnam to support the growing local and regional demand of high-value extruded aluminium products and solutions.

On June, 25th 2014 at Sapa AS corporate head office in Oslo, Norway, Mr. Svein Tore HolseTher - President and CEO of Sapa AS - and Mr. Nguyen Quang Tien -  CEO of Benthanh Group and members of Sapa BTG’s member councils – signed a deal of 2nd expansion stage of Sapa BTG. The signing ceremony was witnessed by State Secrectery of Norwegian Ministry of Trade, Industry and  Fishery, Mr.  Lars Jocob Hiim and Ambassador Extraordinary and Plenipotentiary of Vietnam to the Kingdom of Norway , Madam Le Thi Tuyet Mai and leaders of Sapa AS and Sapa BTG.

Sapa BTG is a joint venture between Sapa Group and Benthanh Group, based on the agreement signed on July, 2010 in Oslo, under the witness of Deputy Prime Minister Hoang Trung Hai and Norwegian authority representative. This Sapa BTG’s expansion deal worth US$8 million including a second extrusion press which is larger than the current, installation, buildings and construction, and auxiliary equipment. The new press will be in operation in mid-2016, raising total capacity to 15,000 tons per year. 

In the speech at the signing ceremony, Ambassador of Vietnam to Norway, Madam Le Thi Tuyet Mai and State Secrectery of Norwegian Ministry of Trade, Industry and  Fishery, Mr.  Lars Jocob Hiim congratulated two parties for their new investment agreement, highly appreciated the joint venture’s fruitful cooperation and showed their confidence about the alignment of free trade agreement between EFTA (include Norway, Switzerland, Iceland and Liechtenstein) and Vietnam will set a good  framework to strengthen investment and trade between the two countries.

Madam Mai and Mr. Hiim also showed strong commitment of both of Vietnamese and Norwegian Government continuing their support to companies of the two countries, landing new investments and fruitful partnerships such as a partnership between Sapa and Benthanh Group. 

Mr. Nguyen Quang Tien highly appreciated the fruitful cooperation as well as the good performance of Sapa BTG. He said, the joint venture which began since December 2010, has achieved very good result.  Growth rate of revenue is 9,4% yoy, and earning before tax increased 38% yoy. Beside the domestics consumption, products of Sapa BTG are exported to North America and Japan. 

Mr. Keith Jones, Chairman of Sapa Asia, said ”Aluminum has  become popular material in many countries thanks to its light weight, high-tempered and particular well  fit with Vietnamese’s tropical   weather. More and more Vietnamese customers require higher quality of aluminum, we commit to be a high quality solution provider.   Sapa BTG will supply better products and services, provide solution to building and apartment, furniture, industrial production, automation and hi tech to qualify both Vietnamese customers and then South East Asia customers.

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