Founded in 2010, the subject - Veco is known as a member of Sumitomo Forestry Group. The subject engages in manufacturing artificial wood (particleboard). Finished products are consumed in both domestic market and foreign markets.According to media information, Veco started to build a factory to produce artificial wood with a designed capacity of 250,000 m3 per year. The factory was completed and has gone into operation since Nov 2011.Despite being affected by the Covid-19 pandemic in the period of 2020 - 2021, Veco has gradually restored operations. It is expected that in 2023, the company's revenue will increase by 15% - 20% compared to 2022. However, Veco also announces that the subject suffers from many difficulties related to scarce input raw materials and rising costs. The current plywood board market also faces great competition from competitors from Thailand. In this context, Veco proactively explores investment opportunities to expand raw material areas, cooperate in afforestation and purchase mixed wood materials so that the company could have a stable source of raw materials, helping its production and business activities more efficiently.
Headquarters
Lot D2, D3, D4, D5, D6 and a part of Lot D7, Phu An Thanh Industrial Park, An Thanh Commune
Long An; Mekong River Delta;
Postal Code: 82000-83000
Contact Details: Purchase the Vina Eco Board Company Limited report to view the information.
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