ScanCom International A/S says it will cease operations and close the company, citing several difficult years after Covid-19 and a continued challenging market outlook in a press release on 2 March. The firm has produced outdoor furniture for more than 30 years, with its main production hub based in Vietnam.
The Copenhagen-headquartered company said it has attempted a major turnaround over the past two years, after years of declining turnover and cost pressure. It said changes to management and support from owners and external consultants did not deliver signs of a profitable future.
ScanCom said its focus has shifted to a controlled shutdown, including 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 Korsør, Denmark, in 1995 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.
