*NEWS*CTG-WORLD GETS VIETNAM FRANCHISE

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*NEWS*CTG-WORLD GETS VIETNAM FRANCHISE

 user 2006-12-13 at 1:04:00 pm Views: 81
  • #17126

    Aussie Cartridge refiller gets Vietnam franchise
    Cartridge
    World Australia, a market leader in inkjet and cartridge refilling, has
    begun operating in Viet Nam through a master franchising deal with
    Cartridge World Vietnam.The local franchisee’s chairman, Tran Tinh Minh
    Triet, said, “We paid about US$150,000 in initial fees for the
    agreement for both Viet Nam and Cambodia and have to pay an additional
    6% of our monthly profit to the Australian franchisor.”Ho Chi Minh
    City-based Cartridge World Vietnam has invested some US$300,000 in
    technology to remanufacture printer cartridges, he said.“We plan to
    sub-franchise to 20 partners throughout Viet Nam and five partners in
    Cambodia by 2007,” said Triet, a member of the newly established
    Vietnam Franchise Club.The price for a sub-franchise in Ho Chi Minh
    City or Ha Noi ranges from US$15,000 to US$17,000 but outside these two
    cities it drops below US$15,000. In addition, the sub-franchisees have
    to pay Triet’s company 6% of their profits.Cartridge World Vietnam
    refills cartridges for inkjet and laser printers, fax machines and
    photocopiers for about half what it costs with a new cartridge from a
    brand-name manufacturer, Triet said.Eckart Dutz, the company’s general
    director, said the refilling quality was nearly the same as that from
    the manufacturers. Furthermore, he said, refilling old cartridges was
    an environment-friendly measure as it kept old cartridges out of
    landfills.With the strongly increasing demand for cartridges in Viet
    Nam, the company is upbeat about the market and its own prospects.In
    related news, the Ho Chi Minh City-based Phuoc Thinh Textile Company is
    seeking to sell franchises for its clothing and fabric.Phuoc Thinh
    brand manager Nguyen Thanh Liem said his company would sell franchises
    to its 54 agents in Viet Nam and was already finding franchisees abroad.