Daily News
From Home Furnishing Business
Man Wah Breaks Ground for 5th Chinese Factory
August 22,
2017 by Larry Thomas in Business Strategy, Industry
Upholstery producer Man Wah Holdings has broken ground for its fifth manufacturing facility in China, a move that will boost the company’s production space to more than 16 million square feet.
The new facility, which is in the southwestern China city of Chongqing, will encompass about 2.8 million square feet. The company said production should start in the fourth quarter of 2018.
The building represents an investment of about $150 million, not including production machinery and related equipment.
“Since our inception, we have always been committed to being a world-class producer that has continuous improvement as a cornerstone of our company,” said Wong Man Li, chairman of Man Wah. “With that as our mandate and vision, we have a proud history of investing in order to bring our customers best-of-class products that help them and us maintain a competitive advantage in every market that we compete in.”
He said the capital is necessary to allow Man Wah to keep pace with the steadily increasing demand for its upholstered goods.
“This ongoing investment not only supports our continued growth and expansion into new categories, it also underscores our commitment to helping our retail partners to continually succeed in their respective markets,” added Guy Ray, CEO of Man Wah USA.
Earlier this month, Man Wah acquired a 50% share of European upholstery manufacturer Home Group and its Fleming brand.
The company said it intends to manufacture Fleming’s smaller-scale, Danish-designed furniture in its factories in China, and then launch the brand in the U.S. at the October High Point Market.
Man Wah has more than 11,000 employees worldwide and more than 1,900 retail franchises in Asia.