10 years of establishment, MBT sold 20,000 transformers to the market
Hanoi Power Transformer Manufacturing Joint Stock Company – MBT has just celebrated 10 years of establishment and announced a new development strategy through “shaking hands” with many business partners to increase product coverage on market
After 10 years of operation, MBT has now affirmed its continuous development, with an important milestone of 20,000 transformers sold
Established on May 12, 2009, Hanoi Power Transformer Manufacturing Joint Stock Company – MBT has a Factory at Song Cung Industrial Zone, Dong Thap Commune, Dan Phuong District, Hanoi with the mission: Supply quality products and services on transformers, cabinets – electric stations and electrical equipment and materials suitable to the development of the country’s economy, the grid system of Vietnam and the integration of the world economy
Since the establishment of the enterprise, there have been many difficulties, the material facilities are inadequate, the area of factories serving small production, accessing loans, especially limited preferential loans
However, after 10 years of operation, MBT has now affirmed its continuous development, with a market mark of more than 20,000 transformers.
According to Mr. Tran Van Nam, Chairman of the Board of Management of MBT, since its establishment in 2009, we have sold more than 20,000 transformers to the market. Revenue growth from over 30 billion in the early years reached nearly 850 billion in 2018
MBT is also a provider of quality products and services for transformers, cabinets – electric stations, and electrical equipment and materials in line with the development of the economy and the grid system of Vietnam. MBT has now become one of the leading manufacturers of transformers and electrical cabinets in Vietnam
In the 10th anniversary of its founding, MBT has signed an investment cooperation contract with a series of domestic enterprises to increase the amount of transformer products sold to the market through these strategic partners.
Mr. Tran Van Nam, Chairman of Hanoi Power Transformer Manufacturing Joint Stock Company, said in the context of fierce competition of the market to serve the new development period, the “shaking hands” with other partners such as Gia Nguyen Group Vision Joint Stock Company, Truong Hong One Member Co., Ltd., Pacific Capital Group Joint Stock Company … will help MBT quickly reach the target of product development.
Accordingly, MBT will work closely with Gia Nguyen Group Vision Joint Stock Company in the period of 2019-2024.
Mr. Nam said that with the current strengths and potentials of Gia Nguyen Group Vision Joint Stock Company in the fields of investment in projects in Vietnam and regional countries, Vision Joint Stock Company Gia Nguyen Group pledged to appoint participating units to projects that have to turn transformers (MBT), electrical cabinets and other electrical materials created and provided by MBT into projects of Cong. Nguyen Vision Group Joint Stock Company is cooperating and investing.
Meanwhile, the announcement of cooperation with Ha Dung Group Joint Stock Company – a unit in Nghe An province also aims to bring transformer products sold through Ha Dung to increase in volume. Being an experienced unit operating in many areas of business – Construction of transport, irrigation, civil and industrial projects, water supply and drainage works, electricity works; Business, Transporting goods, manufacturing, processing seafood …
In 2019 and the following years, Truong Hong One Member Co., Ltd., a new partner of MBT, continues to promote its business, and is the representative unit for MBT in Laos market.
The cooperation with Pacific City Corporation will be the “launch pad” to bring MBT’s products to 22 projects across PACIFIC’s nationwide in 2019-2020.
Not only setting the target of revenue and profit growth, in the next development period, MBT has ambition to become one of the leading manufacturers of transformers and electric cabinets in Vietnam and export to the market. world school. “The partners of MBT will help the Company bring faster export transformer products to the world market, first of all, markets like Laos and Cambodia …”, Mr. Nam expected
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