Japan's Nitori Holdings to build factory in VN
Japan's Nitori Holdings to build factory in VN
Nitori Holdings, the owner of the Japan's biggest chain of furniture supermarkets, will build a furniture factory in Viet Nam in 2017.
As planned, the factory will assemble and produce materials and parts of furniture products. Most of the products will be exported and sold in the Japanese market.
The factory will be located on a 400,000sq.m plot in the southern province of Ba Ria–Vung Tau. Its production capacity has not been decided yet, but it will target manufacturing the corporation's key products, such as kitchen cupboards, sofas and buffers.
The construction work involving an estimated investment capital of billions of Japanese yen, will be operational by February 2018. Its production will be expanded in the future.
The factory will be the second of its kind in Viet Nam. The first one is in Ha Noi. Nitori Holdings owns a chain of 346 furniture supermarkets in Japan, and 27 supermarkets in the United States, China and Taiwan.
During the fiscal year of 2015, the corporation plans to open an additional 40 supermarkets in Japan and 14 others abroad. It is aiming to boost the total store count to 1,000 by 2022.
