The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    N. Korea holds politburo meeting to discuss Kim-Putin summit: KCNA

  • 3

    30 people purchased 8,000 homes: data

  • 5

    BLACKPINK's contract renewal still in limbo

  • 7

    Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors

  • 9

    National Assembly passes motion to arrest DPK chief

  • 11

    Gender equality minister nominee in hot seat over remarks on abortion

  • 13

    US striving to stop NK's potential weapons support to Russia 'wherever we can': Blinken

  • 15

    S. Korea condemns Russia, seeks to mend ties with China

  • 17

    COVID-19 deaths hit record high in Korea for 2022

  • 19

    KG Mobility seeks breakthrough in Europe

  • 2

    Scientists find green way to turn CO2 into fuel with sunlight

  • 4

    BTS defies K-pop's 'seven-year curse'

  • 6

    BTS member Suga begins mandatory military service

  • 8

    Rights experts from 17 countries demand release of North Korean escapees in China

  • 10

    Seoul invites ambassadors to introduce new halal foods in Korea

  • 12

    Yoon says arms deal between N. Korea, Russia would be 'direct provocation' against S. Korea

  • 14

    Top court upholds life sentence for woman over drowning husband for insurance money

  • 16

    Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany

  • 18

    Aespa's VR concert to hit theaters Oct. 25

  • 20

    Opposition party in turmoil as leader could be arrested on Tuesday

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
Sat, September 23, 2023 | 22:48
Companies
Dongwha starts construction of MDF manufacturing plant in Hanoi
Posted : 2020-04-23 17:58
Updated : 2020-04-23 19:17
Kim Jae-heun
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Dongwha Vietnam General Manager Kim Myung-sik, fifth from left, poses with other officials at a groundbreaking ceremony for a new production line in Hanoi, Wednesday. / Courtesy of Dongwha Enterprise
Dongwha Vietnam General Manager Kim Myung-sik, fifth from left, poses with other officials at a groundbreaking ceremony for a new production line in Hanoi, Wednesday. / Courtesy of Dongwha Enterprise

By Kim Jae-heun

Korea's top wood materials manufacturer Dongwha Enterprise began construction of its very first independent production facility in Vietnam.

The plant, which is located in Thai Nguyen Province near the capital city of Hanoi, will mainly produce laminate flooring and medium-density fiberboard (MDF) that is used to make furniture.

Dongwha Enterprise held a ground-breaking ceremony for its new facility on Wednesday and made an official announcement of the production line construction.

A total 180 billion won has been invested in the plant which covers 50,000 square meters. The plant construction site will not only include production facilities but also dormitory and education facilities for workers and their families.

Dongwha Enterprise expects to complete construction of the manufacturing plants for laminate flooring and MDF in April and August next year, respectively. The wood material firm aims to make 370,000 cubic meters of MDF and 3.62 million square meters of laminate floor annually.

When the construction of Dongwha Enterprise's production facility is completed, it is expected to produce a total of 1.07 million cubic meters of MDF in cooperation with VRG Dongwha in Ho Chi Minh City, a joint venture between Dongwha International and Vietnam Rubber Group (VRG). VRG is a state-own conglomerate well-known for its leading role in Vietnam's rubber plantation and processing industry in Binh Phuoc. This will establish Dongwha's presence as a dominant player in the edge-of-seat game that is the MDF manufacturing market in Vietnam.

The construction business boom in northern Vietnam is also a favorable factor for Dongwha. Currently, Hanoi is actively carrying out a large-scale city development project in its northern area and this means growth potential for the construction materials market including MDF.

General Manager Kim Myung-sik of Dongwha Vietnam said the distance between the southern part and the northern part of Vietnam is 1,700 kilometers and VRG Dongwha had difficulties satisfying the market demands in the north.

"Through the construction of our plant near Hanoi, we will take occupation of the MDF and laminate floor markets in the north while solidifying our status as a leading player in the wood board and construction material sectors here," said Kim Myung-sik, general manager of Dongwha Vietnam.

Dongwha established a joint venture with VRG in 2008 and entered the Vietnamese MDF market. It is currently taking up 40 percent of the MDF market in southern Vietnam and continues to grow at a fast pace.

Based on its 10-year relationship with the Vietnamese government, Dongwha Enterprise earned the approval to build an independent production facility line in Hanoi last July.


Emailjhkim@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
Top 10 Stories
1Scientists find green way to turn CO2 into fuel with sunlight Scientists find green way to turn CO2 into fuel with sunlight
2Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors
3Opposition party in turmoil as leader could be arrested on Tuesday Opposition party in turmoil as leader could be arrested on Tuesday
4Korea boosts subsidies to rev up falling EV sales Korea boosts subsidies to rev up falling EV sales
5Russia lodges protest to S.Korean envoy over Yoon's UN speech Russia lodges protest to S.Korean envoy over Yoon's UN speech
6Foreign employees rewarded for contribution to Korea's shipbuilding industry Foreign employees rewarded for contribution to Korea's shipbuilding industry
7Lawmakers want to grill business tycoons over decision to rejoin FKI Lawmakers want to grill business tycoons over decision to rejoin FKI
8Gov't reviews changing description of Fukushima wastewater Gov't reviews changing description of Fukushima wastewater
9'Songpyeon' for low-income families 'Songpyeon' for low-income families
10Big insurers up for sale, but financial conglomerates appear disinterested Big insurers up for sale, but financial conglomerates appear disinterested
Top 5 Entertainment News
1BLACKPINK's contract renewal still in limbo BLACKPINK's contract renewal still in limbo
2[INTERVIEW] Virtual K-pop group MAVE: is more than just pretty pixels INTERVIEWVirtual K-pop group MAVE: is more than just pretty pixels
3Hebrew University students travel to Korea to explore musical landscape Hebrew University students travel to Korea to explore musical landscape
4[INTERVIEW] Seoul's increased art market momentum brings Sotheby's back to Korea INTERVIEWSeoul's increased art market momentum brings Sotheby's back to Korea
5[INTERVIEW] 'Cobweb' director questions meaning of cinema INTERVIEW'Cobweb' director questions meaning of cinema
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group