Panels & Furniture Asia May/June 2020
Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.
Panels & Furniture Asia (PFA) is a leading regional trade magazine dedicated to the woodbased panel, furniture and flooring processing industry. Published bi-monthly since 2000, PFA delivers authentic journalism to cover the latest news, technology, machinery, projects, products and trade events throughout the sector. With a hardcopy and digital readership comprising manufacturers, designers and specifiers, among others, PFA is the platform of choice for connecting brands across the global woodworking landscape.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>May</strong> / <strong>June</strong> <strong>2020</strong>, Issue 3 | <strong>Panels</strong> & <strong>Furniture</strong> <strong>Asia</strong> NEWS | 13<br />
DONGWHA BEGINS CONSTRUCTION OF MDF MANUFACTURING<br />
PLANT IN HANOI<br />
KOREA'S leading wood materials<br />
manufacturer Dongwha Enterprise has<br />
begun construction of its production<br />
facility in Hanoi, Vietnam, reported The<br />
Korean Times.<br />
Located in Thai Nguyen province near<br />
Hanoi, the plant will manufacture mainly<br />
laminate flooring and medium-density<br />
fiberboard (MDF) used for furniture<br />
manufacturing.<br />
Dongwha Enterprise held a groundbreaking<br />
ceremony for its new facility on<br />
22 nd April.<br />
A total 180 billion won (US$0.15 mill)<br />
has been invested in the plant which<br />
covers 50,000 square metres. Besides<br />
production facilities, dormitory and<br />
education facilities for workers and their<br />
families will also be built.<br />
The manufacturing plants for laminate<br />
flooring and MDF are expected to be<br />
completed in April and August next<br />
year respectively. The targeted annual<br />
capacity is 370,000 cubic metres for<br />
MDF and 3.62 million m 2 for laminate floor.<br />
COLLABORATION WITH VIETNAM<br />
RUBBER GROUP<br />
The plant is also expected to produce 1.07<br />
million m 3 of MDF, in collaboration with<br />
VRG Dongwha in Ho Chi Minh City, a joint<br />
venture between Dongwha International<br />
and Vietnam Rubber Group (VRG). VRG is<br />
a state-own conglomerate and a leader<br />
in Vietnam's rubber plantation and<br />
processing industry in Binh Phuoc. With<br />
the new plant, Dongwha will establish<br />
its presence as a dominant player in<br />
Vietnam’s MDF manufacturing market.<br />
The construction business boom in<br />
northern Vietnam presents a good opportunity for<br />
Dongwha, with Hanoi carrying out a large-scale<br />
city development project in its northern area.<br />
General Manager Kim Myung-sik of Dongwha<br />
Vietnam said the distance between the southern<br />
part and the northern part of Vietnam is 1,700<br />
kilometres and VRG Dongwha had difficulties<br />
satisfying the market demands in the north.<br />
"Through the construction of our plant near<br />
Hanoi, we will take occupation of the MDF<br />
and laminate floor markets in the north while<br />
solidifying our status as a leading player in the<br />
wood board and construction material sectors<br />
here," said Kim Myung-sik, general manager of<br />
Dongwha Vietnam.<br />
Dongwha established a joint venture with VRG in<br />
2008, signifying its entrance into the Vietnamese<br />
MDF market. It currently has a 40 per cent share<br />
of the MDF market in southern Vietnam. P
Change language