Embrace Belt and Road Opportunities, Connect INVT with Vietnam
In the past few years, increasing opportunities came as the BRI builds out its vast overland and maritime infrastructure to create a new Silk Road that connects trade between western and eastern. The unprecedented scale of China’s Belt and Road Initiative (BRI) that proposed by Present Xi, providing huge cooperation space for China and Vietnam. INVT has been entered the market of Vietnam since 2006, following the trends of Going Global Strategy. With more than 10 years of development, how INVT business going on?
Milestones of business development INVT started to expand its global market in 2006. In the meanwhile, INVT ventured into Vietnam market by acquiring local partners. Starting from scratch, INVT has been making huge progress in Vietnam market and we have achieved a compound annual growth rate (CAGR) of more than 50% over 2006-2017 as expected, which still witness a huge boost in the year of 2018. So far, we have built up local sales network to ensure fast delivery and service center, providing technical support and supporting after-sale service.
Successful big project in Vietnam
Cost-effective solution for Hoa Phat Steel in Vietnam
Hoa Phat Steel, a leading steel manufacturer in Vietnam, has been making significant savings on maintenance costs and savings up to 40% of power consumption, following the upgrade of their speed control of exhaust fan with INVT GD5000 medium voltage inverter.
In response to the customer’s demand for the cost reduction, INVT and DAT provided customized solution by using new generation medium voltage GD5000 to control fan speed Venturi (capacity 500kW, 6kV) rather than using throttle valve in the steel processing, in order to meet the demand of technology and reduce the price of electricity in the production process
The investment in highly efficient and reliable variable speed drives definitely improves product quality and process control while reducing energy costs. As the data showed, the application of GD5000 in the control of fan speed in the steel process has demonstrated positive outcomes for the steel by saving approximately 80,000 USD per year. In addition to saving energy, it can also increase the lifetime of the motor, minimize mechanical wear and reduce the maintenance costs.
The story behind the cooperation Since INVT expanded its global market in the year of 2006, INVT has been establishing cooperation with our distributor DAT in Vietnam. Founded in 2006, DAT started from scratch and has grown up from a small business to a best-selling provider of inverter in the Vietnam market in together with the assistance of INVT. With the support of strong local consumer recognition, DAT steadily dominated the market with the professional technical team and perfect after-sales service.
In the past decades, we have faced many challenges and troubles. Fortunately, we pulled together and acted in unity in the face of those difficulties, forging a strong and healthy relationship. After many years of unremitting efforts, our partner has made a breakthrough in various industries, breaking the long monopoly of international top brands.
A good example is the application of modern ac drive in underground mining. The complicated and harsh environments where there are rigid demands on the advancement and reliability of the equipment. The time when the BPJ1 series explosion-proof inverter start to run successfully, we demonstrated to the whole world that BPJ1 series explosion-proof inverter is ideal for heavy-duty conveyor systems.
Mining entrance and conveyor beltBPJ1 series inverter
Most people in the mining industry use three simple words to describe underground mines: hot, dark and deep. Our technical engineer Joey described his first experience in the underground mines, “we take the lift to the underground mine located more than 200 meters, however, I feel uncomfortable and can’t breathe smoothly owing to the underground environment since it is my first time to work underground. Fortunately, technical engineer in DAT teaches me how to adjust attitude and regulate breathing. I gradually adjust myself to suit the environment and finish the commissioning successfully. ”Working in the harsh environment, our technical engineer and our partners fight for the same goal, which lights up the underground mine as well as their world. Just as Helen Keller once said, alone we can do so little, together we can do so much.
Taking Off Into the Future Over the last decade, in together with our local partner DAT, INVT has established a high reputation in Vietnam and became one of the best-selling providers of inverter in the Vietnam market, gaining market share and loyal consumer with its leading-edge technology, technical support and excellent customer service. As a global company, INVT is eager to continue expanding our market in Vietnam and to boost the development of Vietnam by optimizing the infrastructure construction and improving the living conditions of dwellers. Now, it is the time that we take off into the future and seize the huge opportunities that created by One Belt One Road.
About INVT INVT, established in 2002, is committed to be the globally leading and respected provider for products and services of industrial automation and electric power. In 2010, it listed as an A-share company on the Shenzhen Stock Exchange (stock code: 002334). INVT is the national torch plan key high-tech enterprise, now has 16 subsidiaries, in 12 major research and development center of the country, the patent application for all kinds of more than 800, on power electronics, electric drive, automatic control, key technology, such as information technology, the main products include general purpose inverter, elevator intelligent control system, servo system, PLC, HMI, SVG, UPS, motor and electric spindle, photovoltaic inverter, online management system for energy conservation and emissions reduction, rail transit traction system, new energy automobile electronic control system, etc. INVT has more than 2,500 employees, three large production bases, and marketing networks in more than 60 countries and regions in China and abroad. --------------------------------------------------- More information For more information on INVT, please visit: Company News Facebook: invtofficial Linkedin: Shenzhen INVT Electric Co.,Ltd.