Total capital is 2.7 billion yen ($21.7 million) and Nitori will be sole investor. This is the second manufacturing facility for Nitori in Vietnam and total overseas subsidiaries are twelve in total.
New company’s name is Nitori Furniture Ba Ria-Vung Tau Co., Ltd. The president is Mr. S. Matsukura, the president of Nitori Furniture Vietnam EPE, Hanoi, Vietnam.
Nitori will build manufacturing plant by leasing 400,000 hectares of property in some industrial park. Details of manufacturing products and production are not decided yet. The plan is to start up the plant in 2017.
Manufactured products will be shipped to Japan, Taiwan and China and will be marketed through Nitori’s sales network.
