Canadian Firm Invests $1 Million in Vietnam Wood C

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Canadian Firm Invests $1 Million in Vietnam Wood C
Ho Chi Minh City, Vietnam, July 26--Canadian PG Hardwood Flooring has decided to invest US$1 million in Ho Chi Minh City’s Wood Processing Company Gosago for exclusive rights to distribution of the company’s wooden tiles in North America according to thanhniennews.com. Gosago used the cash injection to build a 2ha factory producing natural wooden tiles in southern Binh Duong province, said chairman of the Gosago Management Board, Lam Trong Son. The new factory is set to begin production in early August. Gosago is to supply PG with 20,000cu.m of 40×40cm wooden tiles per month, stepping up to 100,000cu.m per month in the future, Mr. Son added.