Geuther Vietnam

Subsidy : August 2020

BIO has given EUR 5,929 of Technical Assistance to Geuther Vietnam Co., Ltd., a Vietnamese company specialised in the production of wooden safety gates and other solid wood baby furniture.

Amount

€ 5,929.00

Type of investment

Subsidy

Beneficiary locations

Asia: Vietnam

Investment field

Enterprises

Activity

Manufacturing - Furniture

Organisation

Geuther Vietnam

Domicile

Vietnam

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Geuther Vietnam

  • Debt € 2,581,446.60 (2020)
  • Subsidy € 31,044.00 (2020)

Geuther Vietnam Co, Ltd is part of the Groupe BMB, a Belgian family group aiming at becoming an international group specialized in the wooden baby furniture industry. Since 2016, the Group operated a production plant of 3,000 m² nearby Ho Chi Minh city in a rented space.

Given the growing demand from clients for high-standards quality products, Geuther Vietnam decided to purchase two industrial buildings (15,000 m² in total) in order to increase its production capacity. Geuther Vietnam produces safety gates as well as solid wood baby furniture for customers based in more than 35 countries in the world.

The new production plant will allow the creation of 170 direct jobs,, a know-how transfer and the promotion of good E&S practices.

Objective

The objective of this Technical Assistance is to obtain the ISO 45001: 2018 certification (occupational health and safety (OSH) management systems) and to acquire the necessary knowledge to meet environmental requirements on the basis of ISO 14001: 2015 with the help of an external consultant.

Expected impact

  • ISO 45001: 2018 certified
  • Safe place to work for employees
  • Branding/marketing: positive impact to acquire new customers
  • Knowledge to design their own Environmental Management System according to the ISO 14001 criteria

Compliance with Health & Safety - Geuther will be able to do the risk assessment and internal audit himself. This will allow Geuther to minimize E&H&S risks and create an environment where all risks are controlled and their workers work in safe conditions.

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