(VOV) -Ashley Furniture Industries CEO Todd Waneck is in Ho Chi Minh City to discuss the possibility of opening another factory in the southern province of Binh Duong.
He has met and worked with Pho Xinh CEO Duong Quoc Nam on a new plan for bilateral cooperation.
The two companies recently signed in the US a memorandum of understanding (MoU) on joint investment cooperation worth US$10 million last July.
Accordingly, a distribution centre for Ashley products will open in 2014 with a chain of home stores and galleries put up in Pho Xinh supermarkets across Vietnam.
Waneck has visited Binh Duong where his company will build a new factory as part of its plan to withdraw its labourers in China and raise its employment in Vietnam from 4,000 at present to 10,000 by 2015.
Established in 1945, Ashley Furniture Industries are co-owned by the father and son of Ron and Todd Waneck who were once listed in the Forbes top 400 richest people in the US with total assets of US$1.5 billion.
Last year Ashley ranked 115th among the biggest private companies in the US with its total revenue reaching US$3.5 billion.
Todd Waneck joined the company in 1979 and has been in charge of its external activities for two decades.
The Waneck family is also known as financial supporter for the US Furniture Political Action Committee (FurnPAC) and politicians.
In 2006, Todd Waneck was awarded by the City of Hope National Cancer Institute-designated Comprehensive Cancer Center for his sponsorship programme.
Đăng ký: VietNam News
