Lectra opens new subsidiary in Vietnam - leatherbiz: Leading news site Leatherbiz

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Lectra opens new subsidiary in Vietnam

07/07/2016
Leather cutting technology provider Lectra opened a new subsidiary in Vietnam on July 1. The company has had a presence in Vietnam for more than 20 years and has been represented by a local agent there for 12 years. The new Lectra Vietnam is taking over the agent’s team and assets.

“Thanks to 5.5% growth in the first quarter of 2016, Vietnam is one of south-east Asia’s most dynamic economies,” said Lectra chief executive, Daniel Harari, on announcing the development. “It is a top choice for manufacturers who focus on production costs and brands seeking to diversify supplies.”

He went on to say that the Trans-Pacific Partnership (TPP) free trade agreement, signed in February 2016, will “reinforce the attractiveness” of Vietnam. He said Lectra has many customers there, including large Asian companies. Mr Harari also said that one of the factors that makes Vietnam an important location for his company is that a growing number of players in the automotive industry are now investing in Vietnam. “Lectra will be there to help develop their production,” he said.


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Lectra explores the future for furniture 30/11/2016
Italian furniture manufacturer to have Lectra cutting room 28/09/2016
Lectra support boosts Chinese furniture brand 09/09/2016
Italian company to use Lectra leather-cutting solution 20/07/2016
India could be key leather supplier to Vietnam 18/07/2016
Lectra gives seminar at technical university in Milan 13/07/2016

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