Rheem expands Binh Duong presence

February 08, 2023 | 16:52

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Multinational water heating solution provider Rheem has announced further development of its manufacturing capacity in Binh Duong as part of its plan to expand its global market share and establish a domestic presence.

This will be Rheem's third factory in Binh Duong province, situated 45km north of Ho Chi Minh City. The brand, which includes solar energy equipment manufacturer Solahart, is seeking to expand its manufacturing capacity as it marks its 10-year anniversary in the southern industrial hub.

The programme will include increased capacity of storage tanks, ranging from 6 litres up to 400 litres, for its electric, gas, heat pump, and solar products. According to Matthew Chessum, general director of Rheem Vietnam, this step, "helps reinforce the positive differences between Rheem and its competitors around the world through its sustainable manufacturing practices."

Currently, Rheem Vietnam mainly exports all of its products to its partner groups via international distribution channels.

Rheem Vietnam has previously invested over $46 million in its manufacturing capabilities in Binh Duong province, where its available land use covers 61,000 square metres. The company currently employs 270 people making over 348,000 heaters, 480,000 solar collectors and 100,000 integrated assemblies per year.

Beginning as a joint venture between Rheem Singapore, Rheem Manufacturing United States, and Paloma Industries, Rheem Vietnam is now a subsidiary of Rheem Australia. The manufacturing facility is set to expand from its original objectives to provide for the global market to establish a domestic presence in both renewable energy and electric storage heaters with both the Rheem and Solahart trademarks.

Rheem expands Binh Duong presence

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By Hong Giang

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