HAI DUONG, Vietnam, July 10, 2025 /PRNewswire/ -- BIEL Crystal, the global giant in smart device exterior structure manufacturing, has made significant progress in its second major production base in Vietnam. Located in Hai Duong Province in northern Vietnam, the facility represents a total investment of $260 million (approximately 1.9 billion RMB). Installation of production line equipment has now commenced, with official operations set to begin in the third quarter.
As a long-term partner of international brands such as Apple and Samsung, BIEL Crystal's new facility in Vietnam's An Phat 1 Industrial Park (Hai Duong Province) will span 20.2 hectares with a built-up area of 535,000 square meters. Upon completion, the smart manufacturing base is expected to employ 14,000 workers.
The project's planned annual production capacity includes:
130 million units of smart device glass & sapphire components
120 million units of camera optical modules
7.5 million units of automotive cover glass
150 million units of plastic products
This integrated production ecosystem will establish a comprehensive supply chain for high-precision components.
BIEL Crystal's first Vietnamese production base is located in Bac Ninh, with the Hai Duong facility commencing operations in Q3. The company will complete its industrial chain layout in Southeast Asia, enhance supply capabilities in consumer electronics and automotive electronics, and further strengthen its global delivery network.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
BIEL Crystal to Commence Operation at Vietnam Hai Duong production base from Q3
BIEL Crystal to Commence Operation at Vietnam Hai Duong production base from Q3
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APIA, Samoa, Dec. 31, 2025 /PRNewswire/ -- Phemex, a user-first crypto exchange, has introduced a structured reward initiative for the newly listed LIT and MAGMA trading pairs. Running from December 31, 2025, to January 7, 2026, the program features a total allocation of 30,000 USDT designed to support liquidity and market engagement within its derivatives ecosystem.
The initiative highlights two infrastructure approaches in the DeFi sector. Lighter (LIT) is an order-book DEX infrastructure focused on institutional-grade capital efficiency and low-latency execution. Magma Finance (MAGMA) is an AMM DEX built for MOVE-based blockchains, utilizing a liquidity incentive engine designed to align the interests of traders, governance participants, and liquidity providers.
To ensure balanced participation, Phemex has partitioned the 30,000 USDT allocation into two categories:
Reward Mechanism Details:
- Engagement-Based Pool (10,000 USDT): Dedicated to general interaction tasks, including social referrals and daily trading milestones. This pool is intended to broaden the user base for these emerging protocols.
- Volume-Driven Competition (20,000 USDT): A competitive track focused on futures trading volume for LIT and MAGMA. Rewards are distributed based on ranking performance, with the top three participants eligible for a significant portion of the pool, including a maximum individual reward of 4,000 USDT.
By integrating these specialized protocols, Phemex continues to diversify its high-performance trading environment, providing users with exposure to the latest developments in order-book and MOVE-based AMM technologies.
About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.
For more information, please visit: https://phemex.com/
APIA, Samoa, Dec. 31, 2025 /PRNewswire/ -- Phemex, a user-first crypto exchange, has introduced a structured reward initiative for the newly listed LIT and MAGMA trading pairs. Running from December 31, 2025, to January 7, 2026, the program features a total allocation of 30,000 USDT designed to support liquidity and market engagement within its derivatives ecosystem.
The initiative highlights two infrastructure approaches in the DeFi sector. Lighter (LIT) is an order-book DEX infrastructure focused on institutional-grade capital efficiency and low-latency execution. Magma Finance (MAGMA) is an AMM DEX built for MOVE-based blockchains, utilizing a liquidity incentive engine designed to align the interests of traders, governance participants, and liquidity providers.
To ensure balanced participation, Phemex has partitioned the 30,000 USDT allocation into two categories:
Reward Mechanism Details:
- Engagement-Based Pool (10,000 USDT): Dedicated to general interaction tasks, including social referrals and daily trading milestones. This pool is intended to broaden the user base for these emerging protocols.
- Volume-Driven Competition (20,000 USDT): A competitive track focused on futures trading volume for LIT and MAGMA. Rewards are distributed based on ranking performance, with the top three participants eligible for a significant portion of the pool, including a maximum individual reward of 4,000 USDT.
By integrating these specialized protocols, Phemex continues to diversify its high-performance trading environment, providing users with exposure to the latest developments in order-book and MOVE-based AMM technologies.
About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.
For more information, please visit: https://phemex.com/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Phemex Launches 30,000 USDT Incentive Program for LIT and MAGMA Trading Pairs
