In response to the government’s new southward policy, China National Petroleum Corporation (CPC Taiwan Corporation) , Hesheng Storage, and Hexing Petrochemical Co., Ltd. jointly established the “Maixhub Co., Ltd” in South Vietnam. This morning ngày 08, construction began in the Ong Keo Industrial Zone in Dong Nai Province, Vietnam. The ceremony was hosted by CPC Taiwan Corporation Chairman Dai Qian and others. Mr. Dai Qian emphasized that this is a concrete demonstration of CPC Taiwan Corporation’s active overseas deployment. It plans to spend NT$1.79 billion to build a lubricant blending plant and storage terminal. It is expected to be operational by the end of 2019.
The groundbreaking ceremony was co-chaired by Mr.Dai Qian, Chairman of China National Petroleum Corporation, Mr. Sun Jingyuan, Chairman of Hesheng Storage Company, and Mr. Wu Shangbin, General Manager of Hexing Petrochemical Company, and invited Wu Fengsheng, Vice Chairman of the State-owned Enterprise Council, Huang Zhifang, Chairman of the Foreign Trade Association, in Ho Chi Minh. City Taipei Economic and Cultural Office Director Liang Guangzhong, Chairman of Zhongding Engineering Company Yu Junyan, National Policy Advisor Huang Kunhu, Executive Yuan Economic and Trade Negotiation Office Representative Cai Yunzhong, Vietnam Ong Keo Industrial Zone Director Gao Jinshi, and VietJet Air Vice President Ruan Qingxiong and other VIPs participated in the event, I look forward to the grand future of Maxihub Co., Ltd.
Combining production technology and solvent sales experience of CPC Taiwan Corporation Guoguang brand lubricants, Hexing Petrochemical Company and Hesheng Logistics Company in chemical market development and warehouse management in Vietnam, Maxihub will join invest in building a lubricant mixing plant at the Vietnam Factory and a solvent and chemical storage facility, develop Vietnam and ASEAN markets and plan to build an oil mixing plant. lubricants with an annual production capacity of 32,000 kilograms and 15 tanks with a total storage capacity of 25,000 kilograms, with a total investment of about NT$1.79 billion. It is expected that the operators will convert by the end of 108, and in the future, they will be able to supply Vietnam with high-quality lubricants and solvents, and other petrochemical products.
Mr. Dai Qian, Chairman of CPC Taiwan Corporation, pointed out that Vietnam is a country with great development potential. CPC Taiwan Corporation, Hesheng, and Hexing Company responded to the Government’s New Southern Policy and invested in building a factory in Vietnam. Sinopec’s Taiwan Strait Petroleum Company, Qingfeng Huanyu, and HPI Vietnam in Hai Phong, Northern Vietnam, are also a concrete achievement of CPC Taiwan Corporation’s active overseas deployment.
The groundbreaking of Maxihub Company is an important milestone for China National Petroleum Corporation (CPC Taiwan Corporation) to expand its trade in Southeast Asia. CPC Taiwan Corporation hopes to promote CPC Taiwan Corporation-manufactured lubricants, solvents, and chemicals to Southeast Asian countries through segment integration of Maxihub Co., Ltd. and the ASEAN Region in the future., Creating job opportunities create local talent in Vietnam, promote the two-way exchange of investment and human resources, and create a model of cooperation for mutual benefit and benefit.