# Gelex to invest up to $300M in electrical equipment complex in Hai Phong, Vietnam

Gelex signed a land lease agreement for 50 hectares in Deep C III Industrial Park in Hai Phong to build an electrical equipment and industrial support complex with investment of $200-300 million. The first cable plant, operated by Cadivi, is expected to be completed by end of 2018, creating 200 jobs.

- Type: Investment
- Announced: 2017-10-19
- Where: Deep C III Industrial Park, Hai Phong, Vietnam
- Value: $200.0M
- Jobs: 200
- Starts operating: 2018
- Status: announced
- Products: power cables, transformers, electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Gelex](https://endata.com/companies/28150.md)
- [Cadivi](https://endata.com/companies/28151.md) (partner)

## Sources

- [baodautu.vn](https://baodautu.vn/gelex-dau-tu-hon-200-trieu-usd-xay-to-hop-san-xuat-tai-hai-phong-d71349.html), 2017-10-19: "Gelex dự kiến xây dựng Tổ hợp thiết bị điện 50 ha với vốn đầu tư khoảng 200 – 300 triệu USD, trong đó khánh thành xưởng sản xuất cáp điện theo công nghệ Đức trị giá khoảng 40 triệu USD đầu tiên vào cuối năm 2018 do đơn vị thành viên Cadivi vận hành."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.