Välinge Signs Two Asian Wood Manufacturers

Viken, Sweden, June 2, 2008--Välinge has signed global license agreements with The Bamboo Factory and Dalian Jiayang Wood Products Co., Ltd.

The Bamboo Factory is a 100 percent French-owned company, a member of Apple Tree Group located in Hai Duong city, Vietnam. Established in 2004, The Bamboo Factory becomes the leading company in the bamboo industry in Vietnam. It specializes in manufacturing bamboo based products from flooring to decking tile and from bamboo panel to chopping board

The bamboo is sourced from the northern Vietnam, where the company is engaged in a plantation program, supported by the International Finance Corporation (World Bank, GRET and NGO).

Most of the products are exported to European and North American countries. The Bamboo Factory has decided to use the Välinge technology for mechanical locking systems for its engineered bamboo flooring as well as its engineered wood flooring. This is the first Välinge licensee in Vietnam.

Dalian Jiayang Wood Products Co., Ltd is located in the Liaoning province in northeast China, producing engineered wood flooring, solid wood flooring and furniture. The company is privately owned and will use its license on engineered wood flooring.