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QST International and Boltun Raise Capital for Plant Expansion to Pursue Transformation

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2023-04-07

QST International and Boltun Corporation jointly commissioned 3 Taiwanese banks to co-sponsor a NT$12 billion worth ESG-linked syndicated loan project, which was completed on March 1, 2023. In the trend of environmental protection and energy saving, the companies have extended from conventional fasteners to new products combining light metal, engineering plastic and carbon fiber to meet the needs of vehicle manufacturers for lightweighting, automatic assembly, reduction of assembly process and energy saving and carbon reduction, and have continued to enhance the value of their products. Leveraging on their experience in EV fasteners and certification by international automakers, the companies are actively participating in customer-collaborative R&D and supplier orientation programs, gradually moving from OEM to ODM.

In view of their long-term development needs and to enhance global flexibility and competitiveness, the companies will set up an overseas production base in Vietnam, acquiring about 35 hectares of land in an industrial zone with an initial investment of US$100 million. Construction of the plant is expected to begin this year and production will begin in the first half of 2024.

QST International

Boltun Corporation

capital raising

syndicated loan

plant expansion

Vietnam base

business transformation

carbon reduction

energy saving

lightweight恒耀國際

恒耀工業

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