Hangzhou, Zhejiang – Chinese upholstered furniture manufacturer Jason Furniture, also known as Kuka Home, has started building its recently announced plants in China and Vietnam.
The two projects remain on schedule, the company told UTECH-polyurethane.com.
The CNY1bn ($154m) China plant is located in Huanggang, Hubei province, and is the company’s second site in the city. It has designed annual capacity for 120,000 standard units, and 5m m3 custom-made products.
The plant is expected to come on stream in the first quarter of 2022, the company said. It is projected to have CNY1.5bn annual sales, with a profit margin approaching 12%.
The Vietnam plant in Dong Xoai city has CNY505m investment earmarked, with designed annual capacity for 500,000 standard units.
Jason Furniture plans to start partial operation at the Vietnam plant in the first quarter of 2022. It is estimated to generate CNY1.7bn annual sales when fully operational. This will be by the end of 2025, the company said.
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