ScanCom International A/S, a Danish outdoor furniture company with its main production hub in Vietnam, will cease operations and shut down after 30 years. The Copenhagen-headquartered company cited several difficult years after Covid-19 and a continued challenging market outlook as reasons for its decision.
“The company has attempted a major turnaround over the past two years, but changes to management and support from owners and external consultants did not deliver signs of a profitable future,” ScanCom stated in a press release.
The company will focus on a controlled shutdown, protecting customers with existing orders and winding down remaining functions in Vietnam and other locations. Chairman Peter Andsager said the company is working with relevant authorities and unions to support employees in Vietnam and elsewhere during the transition.
ScanCom was founded in 1995 in Korsรธr, Denmark, and has had commercial and production operations in several countries, including Vietnam, Brazil, Indonesia, Germany, the UK, and Spain. Lars Larsen Group A/S acquired full ownership of ScanCom in 2019.
Image Courtesy: ScandAsia
