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Factory opening in Vietnam

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Factory opening in VietnamPublished: 24.02.2014

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There was great festivity with strong elements of Vietnamese folklore at the opening of the new Steinsvik factory in Nha Trang, Vietnam.


More than 50 customers and business partners from Norway and a number of representatives from the Vietnamese authorities celebrated the opening of the new factory with Steinsvik. The official opening was done by Ambassador Ståle Torstein Risa together with CEO of Steinsvik, Bjørn M. Apeland.


The new factory has a production area of 5000 m2. Steinsvik supplies products for fishfarming, ships, subsea and rigs. In addition to producing parts for Steinsviks products, Steinsvik will also build an engineering- and software department in Vietnam. The factory now has 55 employees and will get additional employees gradually. Steinsvik has also secured the same size neighboring plot for future expansions.


Vietnam has a good education system and a good availability of qualified staff with appropriate experience. All employees have been trained at Steinsvik's Haugesund factory. In addition, Steinsvik established a partnership with a high school and a college in Nha Trang to establish tailored education adapted Steinsviks needs, says Bjørn M. Apeland, CEO of Steinsvik.


This creation will give us greater competitiveness. We have built this factory for two reasons, says Apeland. – Firstly, because we need more capacity and qualified personnel. It's hard to find this in Norway. Secondly, because Asia is an important market. Much of what we produce today are sent to Asia. Most ships and rigs are built in Asia. The fish farming industry is big in Asia. Vietnam alone produces three times more than we do in Norway, but with primitive technology. Steinsvik see great potential for our feeding and monitoring solutions here. Therefore, we will also build a marketing organization for South East Asia here in Vietnam, says Apeland.


In addition to the opening and surrounding festivities, Steinsvik has planned a varied academic program for the Norwegian guests with lectures and field trips to fish farms and shipyards in Vietnam. A number of firms will meet and exchange experiences. Among the participants are many representatives of the Norwegian fish farming industry and shipyards, shipping companies and OEMs in Norway.