Vinh Tuong plans strategic corporation to expand its international market

Vinh Tuong Gypsum Board Joint Stock Company (VTJ) has been transferred to the owner Saint Gobain Group, Vinh Tuong Industry Joint Stock Company (VTI), the first private establishment specialized to producing ceiling frame and plaster wall in Viet Nam, has recently signed the corporate agreement with Saint Gobain-the world’s biggest building material producer in order to increase its market shares in the international market of which they target ASEAN’s markets.

 “We believe when Saint Gobain becomes our strategic partner, domestic consumers will have more excellent opportunities to buy advanced building materials through the quality management system, managing experience and technology provided by Saint Gobain”, said Tran Duc Huy, Vice Director General of Vinh Tuong Industry Joint Stock Co.

Huy noted that Vinh Tuong has inaugurated a joint stock company in Cambodia and this ceiling and plaster wall factory will be producing by the early 2008. At present, Vinh Tuong is setting up distribution program of gypsum board of Saint Gobain in Cambodia.

 

Vinh Tuong’s products include zincalume – plated ceiling frame, gypsum board, steel door frame, cellulose board, eron board, ceiling grid and decorating partition that are distributed nationwide.

 

Vinh Tuong now has two factories invested Taiwan’s modern technology and on ASTM standard of America in Hiep Phuoc industrial park, Nha Be district, HCM City and in Quang Minh, Vinh Phuc province. The plant in Hiep Phuoc Industrial Park was designed with the capacity of 13,000 ton/year and supplies 10 mil.m2 of ceiling grid and gypsum board yearly while the plant in Vinh Phuc province was designed with the capacity of 4,000 ton/year and provides 2 mil.m2 of decorating partition yearly. In 2007, the revenue of Vinh Tuong Industry JSC is more than VND400 million, increasing 35% year-on-year.

 

Hanh Vu