An Cuong
Decorative materials manufacturer.
| Date | Investors | Amount | Round |
|---|---|---|---|
$30.0m | Late VC | ||
| Total Funding | 000k | ||
An Cuong Wood Working JSC (HOSE: ACG) operates as a prominent manufacturer and supplier of interior woodworking and decorative materials in Vietnam and Southeast Asia. Established in 1994 by Chairman Mr. Le Duc Nghia, the company initially began as a trading business before transitioning to manufacturing in 2004 with its first plant in Binh Duong Province. Mr. Nghia, along with co-founder Nguyen Minh Tuan, who holds a degree in Mechanical Engineering, has steered the company to a significant market position.
The company's business model is centered on providing a comprehensive "one-stop-shop" solution for interior needs, serving a diverse client base that includes property developers like Vinhomes and Novaland, as well as contractors, designers, and retail customers. Revenue is generated through three main segments: Surface and solutions (decorated wooden panels), Interior and solutions (wooden components like doors and cabinets), and Furniture and home appliances. An Cuong holds a substantial 55% market share in Vietnam's mid- to high-end decorative materials segment and exports its products to major markets including the USA, Japan, Australia, and Europe. The company also distributes kitchen appliances under the Malloca brand.
An Cuong's product portfolio is extensive, featuring materials such as Melamine Faced Chipboard (MFC), laminate, high-gloss acrylic panels, and veneer, available in over 1,300 colors. Beyond materials, the firm provides finished products like kitchen cabinets, doors, and furniture for various settings including offices, homes, and hospitals. A key operational advantage is its proprietary software, such as Cabinet Pro, which allows clients to design spaces, customize products, calculate costs, and place orders directly to the factory, significantly reducing lead times. The company's manufacturing facilities, spanning over 240,000 square meters, are equipped with German and Italian technology. An Cuong became a public company in 2018 and listed its shares on the Ho Chi Minh Stock Exchange (HOSE) in October 2022.
Keywords: wood working, interior materials, furniture manufacturing, decorative panels, wood solutions, Vietnam, Southeast Asia, Le Duc Nghia, B2B, manufacturer, exporter, public company, HOSE: ACG, MFC, laminate, acrylic panels, veneer, home appliances, Cabinet Pro, one-stop solution, property developers