From Home Furnishing Business
Man Wah Acquires Vietnam Factory
Upholstery producer Man Wah Holdings has announced the purchase of a factory in Timberland, Vietnam last month, expanding the company’s production space to over 18 million square feet.
After building multiple factories in China and growing Man Wah into a billion-dollar business, Chairman Wong Man Li has identified Vietnam as a country with tremendous possibilities.
“After visiting the Timberland factory, I realized their commitment to customer service and focus on quality production, which matched the core values of Man Wah Holdings, so it made smart sense to buy the factory and bring it into our family,” said Wong.
Today Vietnam is one of the fastest growing countries exporting furnishings to the North American Market as well as around the world.
Responsibility for the factory falls under Guy Ray, CEO of Man Wah USA. “This factory with over 1,000 employees gives us the needed additional capacity for our customers, as well as capacity for our expansion plans in North America. Buying a factory in Vietnam also addresses the ongoing possible tariff issues between China and the United States,” said Ray.
Part of the Green River Factories, the Timberland factory’s production started in 2012 and shipped to the North Americas, Europe and South East Asia. The factory today has a little over 1.2 million square feet of production capacity and can ship up to 1,000 containers per month.
In addition to adding new equipment and hiring additional staff, the company will also begin construction on an additional 2 million square feet to be completed by July 2019. In an effort to meet demands of US and North American customers, the expansion will triple the current capacity to over 3,000 containers per month.
Simon Siow will continue as General Manager and the management team of Timberland will remain on under the new ownership.
“Simon and the Man Wah operations team are working closely together to quickly integrate systems and capabilities to ensure the transition is smooth and as customer friendly as possible,” said Ray.