ScanCom’s fully owned factory in Vietnam

On October 25th 2018, after more than 7 months under construction, ScanCom Vietnam’s state-of-the-art new factory in Long Giang Industrial Zone in Tan Phuoc District, Tien Giang Province was officially opened and began operations. The 14,000m2 factory will produce aluminium and woven products and is fully owned by ScanCom. The opening ceremony saw speeches from Group CEO Stig Maasbol and Factory Director The Phuong celebrate the achievement of opening the Mekong Branch Factory and what it means for the continued growth and success of ScanCom.

However, it will not be the last. The process we have undertaken has involved close co-operation with our partners, from buying a piece of land to designing the layout and then completing the construction, has proven to us that such projects are an ideal way for us to continue our sustainable growth as part of our strategic plan.

Stig Maasboel, ScanCom Group CEO gave an insight into what the new factory might mean for the future: “The ScanCom Group should be hugely proud of what has been achieved with the completion of this project and it offers some possible directions for us to consider for the future. The factory was built on a 20,000m2 piece of land adjoining the site of a 14,000m2 warehouse that was finished in 2017. It is amazing to think that it is less than a year since we decided to investigate the opportunity as part of our strategic approach and we now have a fantastic modern factory right next to our newest warehouse. Of course, none of this would have been possible without the great work carried out by our own staff and by our close partnerships with external contractors and other stakeholders.”

With a capital investment of USD8 million from ScanCom International, the Mekong factory project was overseen and led by the ScanCom Vietnam Board of Directors and special mention must be given to Managing Director Edwin van der Sloot, who provided invaluable guidance and insights that allowed us to reach a successful conclusion. In this opening period, the factory directly employs over 400 staff and indirectly employs more than 5,000 workers, not only in Tien Giang but also in Ben Tre, Dong Thap, Tra Vinh, Vinh Long and An Giang va Binh Duong.

Excellent support from departments inside the ScanCom Vietnam organisation should also be acknowledged and commended. Teams from Project Management, Procurement, Accounting, CSR and HSE, Administration, LEAN, Marketing and FW Management made significant contributions to the process and played a key role in the success of the project. Finally, sincere thanks should be extended to the construction contractor - An Việt KTY Limited Company – who collaborated closely with us to complete the project on time to the desired level of superior quality.

With a newly synchronised infrastructure and cutting-edge machinery, we believe that we can provide the best possible woven and aluminium products of the highest quality, at a competitive price and with timely delivery. This is a combination that none of the suppliers in this area can match, making us unique in the industry. With the cooperation and the support of customers, we believe that this new development can bring about many mutually beneficial outcomes in the years to come. As part of our business plan for 2019-2022, we aim to produce 500.000 pieces of furniture at the factory, equivalent to 2,800 containers, with a total revenue of USD32 million annually. Above and beyond those impressive numbers, it is certain that this new facility and the adjoining warehouse will create considerable added value for our customers all over the world.

Back to Stig Maasboel: “Doing business the right way” is ScanCom’s business DNA and it informs all we do. This approach can be seen in the perfect marriage of innovative Western design and high-quality Asian manufacturing and putting this brand new factory into operation is the clearest and most recent example of that. Based on what we have achieved with this setup, including the speed and quality of the factory, management is ready to negotiate with the land owners to acquire a potentially bigger area. We are convinced the industrial zone and the People’s Committee will support an innovative Danish company in this area; we are always looking to improve every aspect of our business and the success of this project has given us some very interesting possibilities to consider moving forward.”