European Recycling Company is moving out of Vietnam

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Date: Thursday February 16, 2012 09:10:40 am
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    European Recycling Company is moving out of Vietnam

    Farbax Group AG has tried to gain market shares in Asia with the Vietnam manufacturing plant for 6 years, but now the focus turns back to Europe

    Laufenburg, Baden Württemberg, Feb. 2012 – Farbax, one of the biggest manufacturers in the  toner recycling industry is giving up their manufacturing plant in Vietnam. As they search for a buyer for the manufacturing plant Farbax is already making new plans in strengthening its European market.

    Farbax invested a big amount in the infrastructure, technology and training of the 180 Vietnamese employees but still couldn’t get into the Asian market. Jozsef A. Szvoboda, CEO of Farbax, says: “With a heavy heart we have to sell the manufacturing plant, we hope to find a good owner in the nearest future.”

    The plant can produce up to 50.000 toner cartridges per month in fullest capacity and highest quality and is located at a perfect spot for export. Farbax spent major resources in getting production permits in Vietnam. But without connections the company couldn’t build up the market for continuous success in Asia. 

     

    Farbax is getting out of Vietnam but builds up its headquarters in Europe. The already existing manufacturing plant in Hungary is in the new focus and interest of Farbax. Also in sales Farbax has made new developments; with a new website http://www.farbax.com the company offers not only a new way for customers to order easily over the internet, but also offers a wider range of products with best prices for end users or resellers.

    About Farbax:

    Farbax, founded in 1983, is one of the leading manufacturers of compatible consumables for laser printers, photocopiers, faxes and inkjet printers and is employing more than 160 people.

    Mr. Jozsef A. Szvoboda, founder & president of Farbax and pioneer in the recharging industry has always been one step ahead regarding production procedures, product-assortment and global presence.

    In 1991 Farbax Austria and Germany have been opened to serve the market in the EU. In the same year the production facility in Hungary has been opened and is today one of the largest remanufacturing sites worldwide.In February 2006 Farbax has opened the factory in Vietnam, over 80 employees work there.

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