eldovina

What eldovina does

Eldovina Co., Ltd. is a Vietnam-based B2B contract manufacturer of metal hardware accessories for luxury handbag brands, incorporated on January 23, 2014 in the Xuyen A Industrial Zone, Tay Ninh Province. It is a wholly-owned Vietnamese subsidiary of Korean parent Geumdo Hardware Ltd., which has exported luxury handbag hardware since 2006, holds a regional headquarters in Seoul, and operates manufacturing capacity in Dongguan, China and the U.S. sales office in Cliffside Park, NJ. Eldovina's product line covers anchors, keys, buckles, sliders, chains, connectors, rings, grommets, plaques, hangtags, locks, zipper pullers, studs, dogleash hardware, and clips, organized across 10 product categories totaling 222 distinct SKUs. Production is delivered through an integrated die casting-to-plating system, allowing in-house control of forming, finishing, and surface treatment under one roof.

The commercial model is a direct enterprise sales relationship with luxury brand procurement teams, with COACH accounting for 90% of group annual revenues and Eldovina/Geumdo ranked third among COACH raw material suppliers; Michael Kors and Marc Jacobs are additional named customers. Eldovina operates alongside sister-entity Riovina Co., Ltd. (a second Vietnam factory added in 2016), giving the Geumdo group five factories in total. The business is 100% export-oriented with no domestic Vietnamese sales. Export milestones at the parent level were recognized at Korea's Trade Day commemorations in 2006 ($1M), 2007 ($3M), and 2009 ($10M), with the group also receiving COACH's Best Customer Service Award.

Scale indicators place the company in the small-to-mid-cap contract manufacturer range: a recruitment posting references a 500-employee group workforce (versus 8 in basic firmographics, which appears to understate reality), five factories across China and Vietnam, and a website-reported sales figure of "$25 billion" that one source notes is implausibly high for this scale and is most likely a units/translation error representing approximately $25 million in group export revenue. Eldovina is privately held, 100% Korean-owned, with no venture capital, private equity, or public ownership signals in the data.

Name

eldovina

Legal name

ELDOVINA CO., LTD.

Website

https://eldovina.com.vn

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Eldovina Co., Ltd. is a Vietnamese B2B manufacturer of metal hardware accessories for luxury handbag brands including COACH, Michael Kors, and Marc Jacobs. It is a wholly-owned subsidiary of Korean parent Geumdo Hardware Ltd., producing 222 SKUs across 10 categories via integrated die casting-to-plating production.

Ownership category

akta.pro rank

Product category

Luxury Handbag Hardware Manufacturing

NAICS

Hardware Manufacturing (332510), Apparel Accessories and Other Apparel Manufacturing (3159), Turned Product and Screw, Nut, and Bolt Manufacturing (33272)

SIC

Cutlery, Handtools & General Hardware (3420)

akta.pro primary industry

Bag & Accessory Components/Hardware (Straps, Buckles, Zippers) (CRAAAJAJ)

akta.pro secondary industries

Buttons & Buckles Manufacturing (Buttons/Toggles/Buckles/Slides) (IMAOALAB), Luxury Handbags & Leather Goods (CRAAAFAD)

Keywords

• Metal hardware manufacturing
• Luxury handbag accessories
• Die casting production
• Metal plating finishing
• Handbag component supplier

Headquarters

HQ city

Tay Ninh Province

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Luxury Handbag Accessory Export: 100% export-focused business. Sales reached $25 billion with global luxury handbag accessory export. COACH orders account for 90% of annual revenues. Production bases are all abroad with only head office in Seoul.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Eldovina manufactures and exports metal hardware accessories for luxury handbag brands, producing anchors, keys, buckles, sliders, chains, connectors, rings, grommets, plaques, hangtags, locks, zipper pullers, and studs. The company operates an integrated production system from die casting to plating and supplies finished components directly to global luxury handbag manufacturers including COACH, Michael Kors, and Marc Jacobs.

Product overview

Eldovina is a manufacturer and exporter of metal handbag hardware accessories for luxury brands. The company operates as a unified product portfolio organized into 10 product categories: Anchor & Key (9 items), Buckle & Slider (15 items), Chain (39 items), Connector & Ring (41 items), Dogleash & Clip (24 items), Grommet & Plaque (22 items), Hangtag (7 items), Lock (33 items), Zipper Puller & Stud (14 items), and Others Product (18 items) — totaling 222 distinct SKUs. All products are metal-based hardware components including die casting and plating services, serving the global luxury handbag market with customers such as COACH, Michael Kors, and Marc Jacobs.

Differentiator

Problem solved

Functional benefit

Products and services

• Anchor & Key Hardware Metal anchor and key hardware components manufactured for luxury handbag brands; the product line contains 9 distinct SKUs of decorative and functional anchor and key pieces used in luxury handbag construction.
• Buckle & Slider Hardware Metal buckles and sliders for handbag closures and adjustments, with 15 distinct SKUs supplied to luxury handbag manufacturers.
• Chain Hardware Decorative and functional metal chains for luxury handbags, with 39 distinct SKUs - the second-largest line in Eldovina's portfolio.
• Connector & Ring Hardware Metal connectors and rings for handbag assembly and decoration, with 41 distinct SKUs - the largest product line in Eldovina's portfolio.
• Dogleash & Clip Hardware Dogleash hardware and clips used in handbag strap assemblies and detachable attachments, with 24 distinct SKUs.
• Grommet & Plaque Hardware Grommets and decorative plaques for handbag reinforcement and ornamentation, with 22 distinct SKUs.
• Hangtag Hardware Metal hangtags used for brand identification on luxury handbags, with 7 distinct SKUs.
• Lock Hardware Decorative and functional metal locks for handbag security, with 33 distinct SKUs - one of the larger lines in Eldovina's portfolio.
• Zipper Puller & Stud Hardware Metal zipper pullers and studs used in handbag closures, with 14 distinct SKUs.
• Other Metal Hardware Accessories Additional metal hardware accessories for luxury handbags covering miscellaneous custom and specialty items, with 18 distinct SKUs.

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• COACHflagshipOthersCOACH is the company's largest customer, accounting for 90% of annual revenues. The company is ranked 3rd among COACH raw material suppliers. COACH representatives attended the company's establishment celebration in January 2014.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Astri Fashion Accessories: Manufacturer of metal and mixed-material fashion hardware accessories (buckles, chains, locks) for handbags and small leather goods. A direct peer operating in the same luxury handbag hardware category.
• Multifolds International: UK-based manufacturer of buckles, rings and metal hardware components for leather goods, handbags and luxury accessories. A direct peer producing comparable small-format metal hardware for fashion and luxury brands.
• Riri Group: Swiss manufacturer of high-end metal zippers and accessories for luxury fashion houses and leather goods. Riri is a direct peer serving the same luxury handbag and accessory customers with comparable metal hardware products.
• DCC (Design Concepts & Components): Manufacturer of metal hardware and components for handbags and small leather goods serving fashion and luxury brands in North America. Direct peer in the same product category (rings, buckles, closures) with overlapping customer base.
• Cobra Metal Products: Manufacturer of decorative metal hardware for handbags, belts and leather goods sold to fashion brands. Direct peer producing comparable buckles, rings, locks and similar components.

Regional players

• Foshan Nanhai Jiaji Metal Products: China-based manufacturer of metal hardware accessories for handbags and leather goods, supplying domestic and export luxury markets. A regional peer with comparable product offering and manufacturing footprint (die casting + plating).
• Foshan Suang Li Metal & Plastic: China-based OEM manufacturer of metal hardware for handbags and luggage serving export markets. Comparable to Eldovina's China-based production base (Dongguan) with similar die-casting capability.
• Lamiera (Italian metal accessories makers cluster): Italian cluster of small metal accessories manufacturers (e.g., partners supplying luxury maisons like Gucci, Prada, LVMH brands) producing buckles, chains, locks and similar components. Comparable regional peers competing for the same luxury handbag hardware spend.

Broad incumbents

• YKK Group: World's largest manufacturer of zippers and fastening products, including metal hardware for apparel, bags and luxury goods. YKK is a broad incumbent that competes with Eldovina in the high-end zipper and metal hardware segments for luxury handbags.
• Prym Group: German manufacturer of metal fasteners, buttons, snaps and accessories used in apparel, bags and consumer goods. Prym is a broad incumbent in metal fashion hardware, comparable to Eldovina's buckle and closure categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eldovina

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about eldovina