Geuther Vietnam

Subsidy : September 2020

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

Asia: Vietnam

Investment field

Enterprises

Activity

Manufacturing - Furniture

Organisation

Geuther Vietnam

Domicile

Vietnam

More investments in

Geuther Vietnam

  • Debt € 2,581,446.60 (2020)
  • Subsidy € 5,929.00 (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 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

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Geuther Vietnam

Enterprises

Geuther Vietnam

  2,581,446.60

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  10/09/2020

  Debt

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Geuther Vietnam

  5,929.00

  Vietnam

  31/08/2020

  Subsidy

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  25/10/2017

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  26/11/2002

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  6,640,739.00

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  14/11/2017

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