Hangzhou, Zhejiang – Chinese upholstery manufacturer Jason Furniture has been keeping the construction of its two plants in China and Vietnam on schedule, the company told UTECH-polyurethane.com.
The China plant in Huanggang, Hubei is the firm’s second site in the city. Ground for the facility, which will make 120,000 standard units and 5m m3 of custom-made product, was broken in 2020.
Jason expects to spend CNY1bn ($154m) to generate in CNY1.5bn/year sales with nearly 12% profit margin. It is expected to come on stream in the first quarter of 2022, said the company.
Construction of the Vietnamese plant in Dong Xoai city started at the end of 2020. Jason has earmarked CNY505m to build and equip the plant. This will have capacity for 500,000 unit/year.
Partial operation at the Vietnam plant is scheduled to begin in the first quarter of 2022. It is estimated to generate CNY1.7bn annual sales when fully operational, which will be by the end of 2025, the company said.
Exchange rates: Xe.com
