Siba Group Forms Joint Venture with Chinese Partner to Build Livestock Supply Manufacturing Plant

On December 12, 2025, SIBA High-Tech Mechanical Engineering Corporation (Siba Group, HOSE: SBG) formalized a strategic partnership with Hai Lien International Supply Chain Co., Ltd. (Hai Lien), a leading provider of innovative products and solutions for the livestock industry.

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According to the agreement, SBG will provide OEM services for Main Link’s representative to serve BAF, the Vietnamese market, Southeast Asian countries, and the US market. Both parties will establish a joint venture and build a factory in Vietnam to manufacture products and systems for the livestock sector as outlined in the agreement, targeting both domestic and export markets.

It is known that Hai Lien Company is the representative of Qingdao Main-Link Cleaning Equipment Co., Ltd. in Vietnam. The company has nearly 20 years of experience in researching and developing products and solutions for the livestock industry. Main-Link’s technological products include water treatment systems, odor elimination systems, air filtration systems, and centralized high-pressure cleaning systems, all of which have received numerous prestigious certifications. Main-Link is recognized as a high-tech enterprise, SRDI, and a managing unit of ICAC and CAAA-CLEAN.

Mr. Nguyễn Văn Đức, CEO of SBG, shared that the current trend in the livestock industry is shifting from traditional to modern methods. BAF Agriculture (HOSE: BAF), a strategic partner of the company, is undertaking a multi-story farming project that requires critical environmental equipment. Previously, this equipment was primarily imported, but to achieve localization goals, the joint venture was established to save time and investment costs. As these are high-tech products, the profit margin is expected to be 1.5 times higher than that of conventional mechanical products.

SBG CEO Nguyễn Văn Đức (left) at the event – Photo: Hai Au

Mr. Duc stated that in the initial phase, products will be manufactured at SBG’s existing facility before transitioning to the new factory under construction. Currently, both parties are negotiating the construction plan and capital, with details expected to be finalized within 2 quarters, and factory construction taking 9-12 months. The initial investment is estimated at approximately 40 million USD (nearly 1.1 trillion VND), with the exact figure to be agreed upon in subsequent detailed negotiations.

Mr. Duc highly values the partnership with Hai Lien, as the company already has a substantial market presence in the US and Europe. Conversely, SBG boasts robust infrastructure and low production costs, which help reduce product prices and enhance export potential. He also revealed that Hai Lien has placed an initial order with SBG worth approximately 2 million USD.

SBG, established in 2015, operates in the fields of mechanical engineering and construction. In 2021, SBG underwent a corporate restructuring, integrating digital technology into management to create an intelligent operational management system.

The company currently operates in three main sectors: high-tech mechanics; environmental and renewable energy investment; and high-tech livestock farm investment. In addition to its core business, SBG has expanded into: investing in high-tech livestock farms for lease; providing interior solutions for offices, schools, factories, and plants; and developing the automotive and high-speed train supporting industries.

Products in the supporting industries will be primarily manufactured at the Ba Ria factory and a future factory in the North, catering to both domestic and international supply chains.

Hai Au

– 6:30 PM, December 12, 2025

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