Amway Vietnam Co. Ltd., a multi-level marketing enterprise, started construction of its second factory in Vietnam in the southern province of Binh Duong on March 21.
Amway Vietnam Co. Ltd., a multi-level marketing enterprise, startedconstruction of its second factory in Vietnam in the southernprovince of Binh Duong on March 21.
Thefactory, producing vitamins, supplements, functional food and body careproducts, is being built at a cost of 25 million USD.
It covers nearly 55,000 square metres in the Vietnam-SingaporeIndustrial Park No.2, seven times bigger than the space in its firstfactory.
When operational in 2015, the factory will turn out 23 million products worth 200 million USD a year.
Doug Devos, President of the Amway Company, said that it has grown andenjoyed constant growth since starting its business in the country in2008. Therefore, the company decided to expand its investment bybuilding a second factory.
The first factory, builtin Binh Duong’s neighbouring province of Dong Nai in 2007, stretchesover 8,000 square metres and produces 30 million USD worth of products ayear.-VNA
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