Vietnam-based Furniture Manufacturer Vinh Long Invests $5 Million In Morrilton, Arkansas, Production Facility
Area Development Online News Desk (11/21/2013)
Vietnam-based Vinh Long, a manufacturer of a variety of home furnishing products made from natural fiber mixed with industrial materials, will invest $5 million to locate its manufacturing facility in the former Bosch building in Morrilton, Arkansas.
Founded in 1976, Vinh Long Import-Export Manufacturing Joint Stock Company has grown to become one of Vietnam’s largest natural fiber manufacturers. The new facility known, as Vinh Long – Arkansas Ltd., will manufacture storage furniture and kitchen cabinets for retailers in North America such as IKEA, and create 75 jobs in the region.
“We see great potential for wood-based products manufactured in Arkansas for several reasons, including the fact that Arkansas’s sustainable supply of raw materials fits into our global vision of creating a better life for all people,” said Phan Thi My Hanh, the firm’s Chairwoman of the Board. “Strong support from the Arkansas Economic Development Commission and city officials has allowed us to speed up our timeline to get our product to market quickly and efficiently.”
“Vinh Long’s investment in the State of Arkansas shows the growing business relations between Vietnam and the United States,” said Vietnam’s Ambassador to the U.S. Nguyen Quoc Cuong. “As our two countries are embarking on common endeavors, especially the Trans-Pacific Partnership negotiation, more jobs and economic growth will be created, here in the United States as well as in Vietnam. I wish Vinh Long – Arkansas Ltd. great successes.”
“Arkansas remains a popular choice for international investment, and we appreciate Vinh Long's decision to bring this operation to Morrilton,” Governor Mike Beebe said. “Companies around the world continue to recognize that our location and workforce make Arkansas an ideal site for expansion.”
“Morrilton and Conway County are very excited about the decision of Vinh Long to locate their manufacturing and distribution processes in our community,” said Brandon D. Baker, president of the Morrilton Area Chamber of Commerce. “We look forward to the new relationships that will be built and the opportunities Vinh Long will bring to the residents of our community.”