Minister Nguyen Hong Dien works with Lechenwood Vietnam Co., Ltd.

On the afternoon of August 15, during a working trip to Bac Kan province, Minister Nguyen Hong Dien led a delegation from the Ministry of Industry and Trade to work with Lechenwood Vietnam Co., Ltd. on production and business situation.

Also attending were Mr. Nguyen Dang Binh - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Bac Kan province; Mr. Dinh Quang Tuyen - Permanent Vice Chairman of the People's Committee of Bac Kan province.

Minister of Industry and Trade Nguyen Hong Dien visited the factory of Lechenwood Vietnam Co., Ltd.

Reporting to Minister Nguyen Hong Dien and the working delegation, Mr. Liu Xiao Wu - General Director of Lechenwood Vietnam Co., Ltd. said that the company was established in March 2019, with 100% foreign capital.

The company specializes in manufacturing plywood, flooring... mainly exported to the US market; has a factory in Thanh Binh Industrial Park, Cho Moi, Bac Kan.

The total number of direct employees is about 300 people, mainly local workers with an average income of 6-15 million VND/person.

Minister Nguyen Hong Dien listened to the Company's leaders report on the production process.

In the past, the company encountered many difficulties due to the decrease in orders compared to before, but with flexible and dynamic solutions and continuous efforts, putting the production line into operation, the company's production and business situation has improved a lot.

Accordingly, in 2023, revenue will be more than 78 billion VND, export will reach 33 billion VND. In the first 7 months of the year, revenue reached nearly 122 billion VND (up 154.5% over the same period), export reached nearly 113 billion VND (up 338.2% over the same period).

In the coming time, Lechenwood Vietnam expressed its hope that the Ministry of Industry and Trade will discuss with the US Department of Commerce (DOC) to soon have a conclusion on the review of the origin of goods related to the anti-dumping case on plywood products produced in Vietnam to ensure that plywood products produced in Vietnam enjoy preferential treatment when exported to the US market.

At the same time, creating connections for businesses to have the opportunity to export goods to other potential markets.

Minister Nguyen Hong Dien and the delegation visited the production line.

After listening to the company's report, Minister Nguyen Hong Dien highly appreciated Lechenwood Vietnam Co., Ltd.'s bold investment in a factory in Bac Kan, as well as its efforts to increase production value, profits and ensure income and living standards for the company's employees.

The Minister also suggested that businesses set out a roadmap to implement greener and cleaner production from the raw material stage onwards to be able to meet new, stricter regulations and standards in major markets such as the EU and the United States.

On the same day, Minister Nguyen Hong Dien also visited the Non-coking Metallurgy Plant (sponge iron plant) in Thanh Binh Industrial Park, invested by the Complete Materials and Equipment Joint Stock Company (Matexim), with Vietnam Engine and Agricultural Machinery Corporation (VEAM) as the controlling shareholder.

Minister Nguyen Hong Dien visited the Non-coking Metallurgy Plant (sponge iron plant) at Thanh Binh Industrial Park

The factory has a total investment of more than 490 billion VND, was built from 2009-2013, operated from March 2013 to the end of 2015, then stopped operating until now. Thus, the factory has been stopped operating for nearly 10 years. According to the report, the main reason for the factory stopping operating is that at the time of production, the world and Vietnamese steel markets faced many difficulties in consumption, production costs were higher than selling prices and steel factories in Vietnam were not in the habit of using sponge iron in steel production.

Source: https://congthuong.vn/bo-truong-nguyen-hong-dien-lam-viec-voi-cong-ty-tnhh-lechenwood-viet-nam-339114.html