A ceremony was held on October 19th, 2020 at Becamex Industrial Park in Binh Phuoc Province to hand over the GPPD factory project from the general contractor WorldSteel Group to GPPD Energy Co., Ltd. as the investor.

GPPD factory project, invested by GPPD Energy Co., Ltd. with 100% investment capital of Singapore, is built in Becamex Industrial Park in Binh Phuoc. GPPD Pte Co. boasts a batterry manufacturing history spanning 66 years and has the most advanced, fully automatic alkaline battery production line in the world. In Vietnam, this is the first mercury-free manganese zinc alkaline battery factory, which comes with very high requirements on construction and finishing techniques. The factory covers an area of over 30,000m2 with a total investment of US$30 million, and has a total capacity of 936 million products/year, including phase-1 capacity of 336 million products a year and phase-2 output of 600 million products a year. Especially, when the GPPD factory comes into operation, it will contribute significantly to the economic development of Binh Phuoc Province in terms of job creation for local workers, tax payment and supply chain development.

This project is assumed by WorldSteel Group as the general contractor. Although the early and mid-2020 project implementation phase was an extremely difficult time not only in Vietnam but all over the world as the extremely complicated Covid-19 epidemic affected most respects of life, WorldSteel's team have focused on the highest service spirit, best control, excellent operation to ensure progress and quality for each work item.

Representative of the investor - Ms. Huang Xiao Yun, General Director of GPPD Energy Co., Ltd., stated at the ceremony:

On behalf of the GPPD, I would like to express my sincere gratitude to all WorldSteel employees, also to the Government of Vietnam and Becamex Industrial Park for their help. Our head office in Singapore is also very fortunate to invest in Vietnam. Today, Vietnam's first alkaline battery factory has been established. We have 66 years of battery manufacturing history and have the world's most advanced, fully automated alkaline battery production line. Clean batteries produced will fill gaps in the Vietnamese battery market and create green energy for Vietnam. We will also train outstanding Vietnamese industrial workers to contribute to local technology innovation and industrial development.

In addition, WorldSteel Group in Vietnam is known as the first company in Vietnam and Asia to achieve the US IAS AC472 certificate, an important certificate demonstrating the ability to meet stringent quality standards in the field of steel structures for industrial buildings according to American quality standards.

World Steel Group is increasingly asserting its position in the domestic and international markets by developing many key projects including Hoa Phat Iron and Steel Complex project, CPV Food - Binh Phuoc Becamex, the items in the Long Son Petrochemicals project, and different stages of Tongwei Group's projects in Tien Giang and Hai Duong. It has also assumed overseas projects such as Thailand 7-Eleven project, Philippines Coca Cola Warehouse project, Steel Bridge in Singapore, and especially projects in the US market. These projects have received the investor's trust, praise and appreciation for the quality of the work, construction progress and implementation capacity.