Media release: Triac signs new factory lease on Nha Be River, HCMC

[HCMC, 25 October, 2018] Triac Composites will triple the size of its production area after signing a lease for a totally refurbished warehouse in HCMC yesterday.

Triac Composites' General Director, Paul Koch, signs the lease agreement for a new factory with UniDepot's CEO, Mr Doan Quang Minh in HCMC on 24 October 2018.

The 3,200 square metre warehouse, which is owned by UniDepot, is located on the Nha Be River in Nha Be District (click here for map), just 30 minutes drive from District 1, HCMC.

[For more photos of the signing ceremony, click here.]

General Director of Triac Composites, Paul Koch, said that Triac Composites was delighted to have secured the "magnificent premises" after a two year search.

"Our previous location served us beautifully when we were just building Rapido Trimarans", explained Mr Koch.

Mr Minh (UniDepot) speaks with Paul Koch (Triac Composites) after the signing ceremony for the new factory which is being totally refurbished (see background). John Campbell (Savills) listens in.

"However, now that we have significantly expanded our product offering, we need three times the floor space - as well as direct access to a river.

"UniDepot's totally refurbished warehouse gives us the option of building finished composite products that can be loaded directly onto a barge and shipped to the nearest shipping terminal".

In addition to the Rapido Trimarans, Triac Composites is building pleasure and commercial vessels such as catamarans, ski sleds and fishing trawlers for international markets. Some of the boats are for one-off customers while others are for international manufacturers wishing to outsource production.

The new Triac Composites factory on the right is being totally refurbished to the same standard as the warehouse on the left. In the background is the new bridge for the Ben Luc- Long Thanh Freeway which is currently under construction. And it's all within 30 minutes of the centre of HCMC, Vietnam.

Triac Composites also views Vietnam, ASEAN and Greater Asia as "very interesting markets" and recently announced that it will launch a new river boat for Vietnam.

In addition to the marine sector, Triac Composites has actively moved into other sectors - particularly in the construction industry (eg building facades and green buildings). The mining industry also beckons for Triac Composites...

Each of the founders of Triac Composites has more than 30 years' experience in the composites industry - in Australia, USA and, for the last 12, Vietnam.

Mr Koch added that the lease with UniDepot will commence in late December 2018 and that he looks forward to a long and mutually beneficial partnership with UniDepot.

"Today's signing ceremony", said Mr Koch, "is a very tangible expression of Triac Composites' confidence in Vietnam, our Vietnamese workforce, our current and potential customers - and our gracious landlord, Unidepot, which is constructing world class buildings under Mr Minh’s leadership.

Mr Koch also thanked Savills Vietnam for the important role they played in cementing the agreement.

UniDepot's CEO, Mr Minh, speaks to Triac Composites' staff about the new factory.

The 3,200 sqm warehouse that Triac Composites will move into at the UniDepot facility in Nha Be, HCMC in December 2018.

For further enquiries

Email: phil@triaccomposites.com (Phil Johns, General Manager, Triac Composites)

Video caption: UniDepot's facility of which Triac Composites' new warehouse is Warehouse No. 4.

#triaccomposites, #newfactory, #riveraccess, #hcmc, #vietnam, #worldclass, #composites, #outsource,#production, #international, #trimarans, #rapido, #rapido60, #commercialvessels, #pleasurecraft