The Ho Chi Minh City-based joint stock Savimex Corp opened a plank, or plywood, factory in Thu Duc District on July 17 to supply new products to the US and EU markets.
Savimex general director, Le Minh Trang, said the company had won a contract to supply at least 10 containers of plank products per month to New Jersey-based Acorn USA Holdings Llc in 2007.
Savimex’s total export of plank products to American and EU markets amounts to 100 containers per month.
Trang said Savimex expected export turnover of at least 3 million USD per year for the new products.
In addition, the company will also supply these products to local customers who buy plywood for new serviced apartments under construction in cities across the country.
”Modernising the company’s production lines and management and equipping them with advanced technologies are our priorities,” said Trang.
She added Savimex targeted annual export turnover of 40 million USD by 2010.
Source: VEN
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