Truong Thanh Furniture Corporation, Vietnam’s leading furniture exporter, has already invested more than VND80 billion (US$5 million) building two new factories to double its capacity for stronger exports, said the corporation general director, Vo Truong Thanh.
With the new facilities, the company is expected to raise its total export turnover from furniture to $70-80 million next year from $40 million estimated for 2006.
“We are on target to double our current annual capacity equivalent to 2,000-2,500 container loads so that we can obtain about $70 million in export revenue new year,” Thanh said.
He said Truong Thanh had invested VND50 billion in a wood processing factory, a sofa workshop and a 10 hectare warehouse in the province’s Tan Uyen district, which will be set up and running in the near time.
Its second new factory covering on four hectares in the central highlands province of Dak Lak and costing VND30 billion is expected to come into commercial production late this year.
Last year, Truong Thanh posted total exports of $30 million, up 58 per cent from 2004.
In other news, Truong Thanh is now operating six wood processing factories in Dak Lak, Binh Duong and HCM City and a representative office in neighboring Lao.
Based in southern Binh Duong province, Truong Thanh has exported its products to more than 30 foreign markets, including Britain, France and Spain. About 80 per cent of its products are exported directly and 20 per cent are via foreign dealers. The company is now a credible partner of many world leading distributors like Walmart, Carrefour, Cosco, Keisko, Lapeyre and Alexander Rose.
Doanh Chinh
Vietnamese
