Geuther Vietnam
BIO has given USD 36,600 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
€ 31,044.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Enterprises
Activity
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 increase business efficiency and responsiveness to market needs by introducing lean production management in the whole organization
Expected impact
- Reduce lead time
- Reduce work in progress
- Reduce travel of parts through the factory
- Minimize down time of machines
- Increase productivity
- Increase profitability of the factory
- Increase Well-being of employees
- Reduce water and energy consumption
View more of our investments in this region
Investment Companies & Funds
Navis Asia Credit Fund LP
15,000,000.00
Indonesia, Malaysia, Philippines, Vietnam
04/12/2024
Equity
Investment Companies & Funds
Navis Asia Credit Fund LP
5,000,000.00
Indonesia, Malaysia, Philippines, Vietnam
04/12/2024
Equity