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Savimex Corp. cuts ribbon for furniture plant in Laos
Ho Chi Minh City-based firm Savimex Corp. opened a furniture factory earlier this week in Laos in partnership with local company Champasak Wood Processing Enterprise.
The facility, located in Champasak Province, is managed by the US$4-million Savi-Champasak joint-venture established by the two companies.
The plant will process wood materials and produce home adornments for export.
Le Minh Trang, the general director of Savimex, said around 95 percent of the factory’s products would be shipped to Japan, the US and Vietnam, with the remainder reserved for the local market.
In the first year of operation, the joint-venture has set a sales target of $1-1.5 million.
Savimex has equipped the factory with state-of-the-art wood processing technology from Malaysia and dispatched several managers to work on-site.
The firm also hosted a two-month training course in Vietnam for 19 Champasak technicians and workers to prepare for the launching of the project, as it represents a strategic component of Savimex’s business expansion plan.
Established in 1985, Savimex maintains its reputation as an industry leader in woodwork processing for exports, home decorations and real estate investment.
Savimex’s export contracts with American partners in the first few months of 2008 have already topped $10 million.s in partnership with local company Champasak Wood Processing Enterprise.
The facility, located in Champasak Province, is managed by the US$4-million Savi-Champasak joint-venture established by the two companies.
The plant will process wood materials and produce home adornments for export.
Le Minh Trang, the general director of Savimex, said around 95 percent of the factory’s products would be shipped to Japan, the US and Vietnam, with the remainder reserved for the local market.
In the first year of operation, the joint-venture has set a sales target of $1-1.5 million.
Savimex has equipped the factory with state-of-the-art wood processing technology from Malaysia and dispatched several managers to work on-site.
The firm also hosted a two-month training course in Vietnam for 19 Champasak technicians and workers to prepare for the launching of the project, as it represents a strategic component of Savimex’s business expansion plan.
Established in 1985, Savimex maintains its reputation as an industry leader in woodwork processing for exports, home decorations and real estate investment.
Savimex’s export contracts with American partners in the first few months of 2008 have already topped $10 million.
Thanhnien
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