PREMO has opened a factory in Vietnam, located in the Da Nang Technology Park. The factory is situated in the Dien Nam-Dien Ngoc industrial zone, in Quang Nam province, 15 kilometers from the city of Da Nang. The plant in Vietnam marks the group's third opening outside of Spain, joining those already operating in Tangier (Morocco) and Wuxi (China). The company aims for Vietnam to take over 45% of the component production currently manufactured in China within the medium term. The group also has three R&D centers: one located in the Málaga Technology Park, a second in Grenoble (France), focused on avionics, and a third in Seoul (Korea).
Premo, headquartered in Malaga and with 54 years of experience, had a turnover of 31 million euros in 2015, 30% more than in the previous year, and has doubled its EBITDA (gross operating profit) to 4 million.
The company has projects and supply agreements worth more than €350M in the field of electric mobility, RFID, NFC, Internet of Things (IoT) and Smart Grids and expects to close 2016 with €37 million in net sales and an EBITDA of €7M (80% growth).
Representatives from the Spanish Embassy in Vietnam were present at the event, including the Chargé d'Affaires ai, Mr. Javier Puig, the Economic and Commercial Counselor, Mr. José Antonio Bretones, and the Honorary Consul in Da Nang, Mr. José Barroso. Also in attendance were members of the Vietnamese authorities, such as the Vice President of the Provincial Committee, Mr. Le Tri Tranh, and the Manager of the Quang Nam Industrial Zone, Mr. Huynh Thanh Tong.
