- Address
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- IPO Date
- Jul 26, 2018
- Business
- Forest Products Export Joint-Stock Co of Quang Nam (UPCOM: FRC), operating under the trade name Forexco Quang Nam, is a Vietnam-based company primarily engaged in the cultivation, processing, manufacturing, and exporting of forestry products and wooden furniture. The company operates through integrated business divisions encompassing furniture manufacturing, sustainable forestry, biomass energy, and commercial logistics. Its core product and service offerings comprise outdoor and garden wooden furniture, including dining sets, sun loungers, garden benches, folding tables, and patio swings; indoor home furniture, including dining room suites, bed frames, cabinets, and storage shelving; sustainably harvested sawn timber, lumber, and raw round wood, primarily acacia and eucalyptus; renewable biomass wood pellets and industrial wood chips for power generation and paper pulp manufacturing; silviculture and forestry development services, including high-yield seedling nursery operations and afforestation management; and industrial warehouse leasing, cargo handling, and freight logistics for timber commodities. The company operates processing facilities adhering to Forest Stewardship Council (FSC) certifications for Forest Management (FM) and Chain of Custody (CoC). Forest Products Export Joint-Stock Co of Quang Nam serves both domestic clients and international markets, exporting finished goods and materials to the European Union, the United Kingdom, the United States, Australia, Japan, and South Korea. In recent operational developments, the company has undertaken strategic modernizations of its production lines, integrating automated woodworking and advanced kiln-drying systems to boost manufacturing efficiency and product consistency. To maintain competitiveness in major overseas markets, it has upgraded its timber origin verification systems and compliance protocols in line with the European Union Deforestation Regulation (EUDR) requirements. Additionally, the company has expanded its biomass wood pellet manufacturing capacity to address rising industrial clean energy demand in Northeast Asia, while optimizing its raw material procurement and supply chain infrastructure against global shipping fluctuations. Originally established in 1988 and equitized as a joint-stock enterprise in 2005, Forest Products Export Joint-Stock Co of Quang Nam is headquartered in Tam Ky City, Quang Nam Province, Vietnam.