George Kent International Pte. Ltd a wholly-owned subsidiary, has invested up to USD532,000.00 being its share of 70% contributed capital in George Kent (Vietnam) Company Limited.
The new subsidiary, formed under a shareholders’ agreement operating on a 70:30 contributed capital ratio, underscores George Kent’s commitment to fostering local partnerships for mutual growth. GK Vietnam will be headquartered at Thoi Hoa Industrial Park, Thoi Hoa Ward, Ben Cat Town, Binh Duong Province, Vietnam.
The partnership is between GKI, based in Singapore and Mr Pham Nguyen Hoang, a renowned Vietnamese entrepreneur with over 30 years of experience in the metering distribution business. This strategic collaboration marks an important milestone in George Kent’s commitment to advancing water infrastructure and smart metering solutions on a global scale. With a rich history rooted in water metering and engineering excellence, George Kent has consistently demonstrated its prowess not only in the metering business but also in water infrastructure, rail transportation and hospital construction sectors.
The primary focus of GK Vietnam will be the assembly of the George Kent brand of water meters. The new facility in Vietnam, which has an annual assembly capacity of 600,000 meters, positions itself as a key player, strengthening George Kent’s ability in meeting the growing demand for water meters, both in Vietnam and potentially in neighbouring regions.
