[SMM Stainless Steel Flash] Shandong Tengda to Build 18kt Stainless Fastener Plant in Vietnam with CNY 167M Investment

Published: Feb 23, 2026 17:22

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According to Shandong Tengda Fasten Tech, the company plans to redirect approximately CNY 166.9 million from a previous domestic expansion project to establish a new stainless steel fastener production facility in Vietnam. The project, to be executed through its subsidiary Công Ty TNHH Vật Liệu Mới Yepp Việt Nam, targets an annual capacity of 18,000 tons with a construction period of two years. The shift comes as global demand for the originally planned drill-tail and flat washer products has softened, prompting the company to optimize capital efficiency and accelerate its global layout.

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