Cosmos Technology Co., Ltd: Working to Be Leading Supplier in Vietnamese Precision Engineering Industry

7:28:12 AM | 1/21/2023

Cosmos Technology Co., Ltd. is a wholly Vietnamese-owned company established in 2005 in Khai Quang Industrial Park (Vinh Phuc). The company has always strived to meet strict technical requirements for product quality and big order delivery for partners. With the trust of customers and its experience accumulated in the past time, Cosmos has become one of the leading suppliers in Vietnam's precision engineering industry.

Knowing that product quality is a decisive factor, the company has applied strict quality management and continuously upgraded quality management systems like ISO 9001:2015, IATF 16949:2016 and ISO1 4001:2015 for all factories. The company is fully equipped with modern precision measuring tools to check the compatibility of products. In manufacturing precision mechanical components, the company provides employees with modern and safe equipment to ensure the quality of products. In order to meet the demand for designing and manufacturing components, molds and jigs, the company has boldly purchased modern Japanese machinery and equipment such as wire cutters, CNC milling centers and other processing machines to control production processes and address faults in the fastest manner to ensure delivery schedule for partners.

By adopting advanced technology and machinery imported from Japan, Taiwan and the United States, and employing highly skilled employees, Cosmos Technology Co., Ltd has built a solid foothold in the market and enhanced its prestige in manufacturing precision components for domestic automobile and motorbike factories. Currently, the company is a reliable partner for domestic and international customers. Every year, Cosmos provides millions of high-quality precision mechanical components for Honda Vietnam, Panasonic Vietnam, Goshi Thang Long Vietnam and Nissin Brake Vietnam. The firm has been awarded Quality Awards by Honda Vietnam Company and “Best Supplier Awards” by Goshi Thang Long Company and Nisan Company. In particular, in 2020, Cosmos had the honor of receiving the 97KI Supplier Award from Honda Vietnam Company (the biggest award that Honda Vietnam Company presents to a supplier and the first of its kind obtained by Cosmos so far).

In addition to building prestige and brand, Cosmos is also constantly expanding its scale. With only 60 workers and a small amount of revenue in 2005, the firm now has two production factories located in Vinh Phuc and Phu Tho provinces with more than 1,700 workers. Revenue averaged VND900 billion a year in the 2016-2019 period. Despite being affected by the COVID-19 pandemic, the company has still ensured jobs for more than 1,700 employees since 2020, including 450 employees in Vinh Phuc, with an average monthly income of VND8.5 million each. In the last five years, Cosmos Technology Co., Ltd há paid VND20 - 25 billion of tax to the State budget each year.

To become a leading supplier in Vietnam’s manufacturing precision engineering industry, in the coming time, Cosmos Technology Co., Ltd will continue to reform management, apply advanced technology, procure modern equipment lines, foster automation, enhance training and improve skills for technical workers, and meet strict technical requirements for precision mechanical parts supplied to domestic and foreign automakers and motorbike manufacturers.

By Tran Ngoc, Vietnam Business Forum