The Tribeco beverage company has set a bulky 459 billion VND (28.7 million USD) revenue target in a campaign to yield over 14 billion VND in net profits this year.
The targets are up 52% and 62%, respectively, from the figures achieved in 2006.
Tribeco chairman Tran Kim Thanh said that strategic partners would play a large part in achieving the goals.
The confectioner Kinh Do Corp, which Thanh also chairs, holds around 35% of Tribeco. With Kinh Do's support, Tribeco is constructing two new factories, one in the north and one in the south; in Hung Yen province and Binh Duong province, respectively.
The factory in Binh Duong will open in August and the Hung Yen-based factory will begin production in December. As the company's first northern production base, the Hung Yen plant will cut Tribeco's transport costs dramatically.
Additionally, Tribeco entered a partnership late last month with the Taiwanese company Uni-President, which specialises in food processing, beverages and retail chains.
Uni-President will help Tribeco produce new products and send its specialists to assist Tribeco in finance, technology, and product and market development.
Source: VNA
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