Today, An Phat Holdings officially organized Ground Breaking Ceremony for PBAT Compostable Resin Plant. The Ceremony was attended by Mr. Vuong Dinh Hue – Chairman of National Assembly, Head of the delegation; Mr. Bui Van Cuong – Chairman of National Assembly’s Office; Mr. Vu Hong Thanh – Chairman of National Assembly Committee on Economy;  Mr. Nguyen Phu Cuong – Chairman of National Assembly Committee on Finance and Budget; Mr. Le Quang Huy – Chairman of National Assembly Committee on Science, Technology and Environment; Mr. Vu Hai Ha – Chairman of National Assembly Committee on Foreign Affairs; Mr. Nguyen Chi Dung – Minister of Ministry of Planning and Investment;  Mr. Tran Hong Ha – Minister of Ministry of Natural Resources and Environment; Mr. Nguyen Hong Dien – Minister of Ministry of Industry and Trade; Mr. Huynh Thanh Dat – Minister of Ministry of Science and Technology; Mr. Vo Thanh Hung – Deputy Minister of Ministry of Finance; Mr. Truong Hai Long – Deputy Minister of Ministry of Home Affairs; With assistants and secretaries of the Chairman of the National Assembly; the leaders of the Offices of the National Assembly.

On the local side, there were the attendance of Mr. Tran Luu Quang – Secretary of the City Party Committee, Head of the Hai Phong City National Assembly Delegation; Mr. Pham Xuan Thang – Secretary of the Provincial Party Committee, Chairman of the People’s Council of Hai Duong province; Mr. Ngo Hanh Phuc – Vice Chairman of Yen Bai Provincial People’s Committee; and Vice Chairman of People’s Council, City People’s Committee and relevant departments, branches in Hai Phong city with the participation of more than 100 partners, customers of An Phat Holdings as well as central and local press agencies.

PBAT Compostable Resin Plant is the first PBAT green material factory in Southeast Asia, at the list of high-tech investment priority projects, located in Nam Dinh Vu Industrial Park (Hai Phong) with a capacity of 30,000 tons per annum, will be completed after 24 months. The total investment is 120 million USD, the factory will respond 100% An Phat Holdings material need, beyond to the goal of international export when operating. With the modern investment in technology and machinery, PBAT’s operating efficiency is highly optimized with an average operating time of 8,400 hours, equivalent to 350 days/year. The factory also achieves high automation, which is expected to create jobs for about 200 high-quality workers.

At the ceremony, the representative of An Phat Holdings said, the project is the best and most reasonable solution to An Phat Holdings’ material source: being independence in terms of raw materials supply, reducing price to get closer to consumers and moving towards to replacing traditional plastic products.

“An Phat Holdings will represent Vietnam in putting its name on the global map of green materials and become a pioneer in implementing Vietnam’s commitment to achieve Net Zero emissions by 2050”, the representative of An Phat Holdings said.

Currently, An Phat Holdings has received the transfer design of factory process and technology from Technip Zimmer – the world’s leading supplier of technology design and solutions for large-scale industrial plants and complicated. Therefore, PBAT Compostable Resin Plant has outstanding quality, self – contained standards and the most modern production line.

Through this project, An Phat Holdings Group will complete the green circular ecosystem, become the first Vietnamese enterprise to produce bio-degradable plastic materials/products, officially participate in the world green material network. The price of green products will decrease by 20%~30% when the PBAT factory operate.

At the ceremony, Mr. Le Anh Quan – Member of Standing Committee, Permanent Vice Chairman of Hai Phong city People’s Committee shared the success in socio-economic development in Hai Phong city. At the same times, Mr. Quan also highly appreciated the role of PBAT plant in the process of contributing to the economic development of the city, especially to promoting the production of zero emissions, no greenhouse effect.

Also at the ceremony, Member of Political Bureau, Chairman of the National Assembly of the Socialist Republic of Vietnam Mr. Vuong Dinh Hue with Ministers of Ministries and leaders of Hai Phong city, Hai Duong province and Yen Bai province and An Phat Holdings’ BODs pressed the ground-breaking button, officially open the construction phase of the factory. This moment is also the foundation for An Phat Holdings to expand more projects to global green products and materials.

Some other activities:

In the morning November 10^th, at the headquarters of An Tien Industries Join Stock Company (HOSE: HII) in Yen Bai city, Yen Bai province, the company held an Unusual General Meeting of Shareholders in terms of adjustment to improve business plan and increase dividend in 2021.

Accordingly, the Board of Directors, Supervisors Board and Managers Board of the company approved the plan to lock foreign room and increase the charter capital to expand business activities

Approving the adjustment of business and dividend plan in 2021

At the Unusual General Shareholders’ Meeting, the Board of Directors accepted to increase the targets in business plan 2021. HII grew the total consolidated revenues from VND 4,000 billion (~ $176 million) to VND 7,000 billion (~ $300 million); rise the target of consolidated revenue after tax (NPAT) from VND 70 billion (~ $3 million) to VND 90 billion (~ $4 million).

Regarding to positive business result and strong growth prospect in the fourth quarter of 2021, HII also adjusted this year’s dividend payment plan to the rate of 20% to ensure the benefits and attachment of shareholders. Previously, the company expected to pay dividends at the rate of 10-15%.

For 9 months, HII recorded the consolidated revenues of VND 5,508 billion (~ $240 million), NPAT of VND 79 billion (~ $3,4 million), respectively, grow of 88% and 89% over the same period in 2020; exceeded 30% of revenue target and 13% of NPAT target approved in the Annual General Shareholders’ Meeting.

HII is leading the production of additives for the plastic industry and has the second largest scale of plastic resins trading activities in Vietnam (plastic consumption output is about 250,000 tons/year). HII currently owns an additive manufacturing and a CaCO3 ultra-fine stone powder factory with a designed capacity of about 150,000 tons/year and 222,000 tons/year, respectively. At present, HII’s main export markets for plastics resins are to the EU, UAE, Russia, and India.

Deal the rate of foreign ownership at 25%, increase the charter capital

In this Meeting, HII also approved the plan to lock foreign room at 25%. There have been foreign investors negotiating to contribute capital to expand HII’s compound and colour grain production. Additionally, they also brought HII into Japanese market via a few off-take contracts.

This cooperation will help scale up the production of additives by 2 times, at the same time, give HII an opportunity to participate in this serious market. The offering price for foreign strategic investors is guaranteed not to be lower than 165% of HII shares’ value at the time of issuance, nor lower than the market price at the time of issuance.

Following to Board of Managers, when it is forecast that the plastic resin price will remain at a high level and the CaCO3 stone powder market has strong growth prospects in the coming period, HII will seek and select foreign investors in line with the company’s long-term development strategy.

HII is currently considered to have a small capital size compared to production and business needs, while this enterprise owns the number of potential business segments such as trade and logistics with the total expected consolidated revenue of VND 7,000 billion (~ $300 million) in 2021; and this number is expected to reach VND 10,000 billion (~ $440 million) in 2022. Therefore, raising capital is necessary and appropriate, helping to increase financial capacity and reduce interest pressure at this time.

Accordingly, HII plants to issue more than 36 million shares. After this issuance, HII’s charter capital will double to around more than VND 736 billion (~ $32 million), the amount of mobilize money is expected to reach more than VND 368 billion (~ $16 million). This amount will be used about 40% to restructure short-term and long-term loans and the remaining 60% to supplement working capital for production, business and management costs of the company. Expected time for shares’ issuance will take place in 2022.

HII will issue shares in the form of the public offering of shares for existing shareholders by the method of exercising the right, the ratio 1:1 with the issue price of 10,000 VND/share (~ $0,44/share). All shares are offered for sale to existing shareholders in proportion to the exercise of the right of free transfer. If the existing shareholders do not exercise the right to buy, the shares will be offered to other investors at a price not lower than the selling price for existing shareholders and the transfer will be restricted within 01 year from the date of the offering.

2021 is the year of many challenges for not only Vietnam but also many countries around the world when the Covid-19 pandemic continues to cause profound impacts to many economies. However, 2021 is also the year of exponential growth for An Tien Industries JSC (Ticker Symbol: HII). In the first 6 months of 2021, HII reported triple profit over the same period last year, completing 91% of 2021’s profit plan. It can be said that the change of business strategy, seizing opportunities, and production restructuring have helped HII continue its strong growth momentum.

On the occasion of the 12th birthday, let’s look back on the growth and development journey of An Tien Industries over the past decade.

12 years ago, on October 1, 2009, An Tien Industries JSC (formerly known as An Phat- Yen Bai Plastic & Mineral JSC), a member of An Phat Holdings, was established in the southern industrial park, Van Phu commune, Yen Bai City, Yen Bai Province.

Back in the early days of establishment, the road to the industrial park was still rough, An Tiến Industries also faced many difficulties to build up infrastructure. However, overcoming challenges, HII has effectively put into operation 2 large manufacturing plants. These are CaCO3 stone powder factory built on an area of nearly 19,000 m2 and ANCAL additives factory with an area of more than 8,400 m2. Both factories are operating at maximum capacity and bringing high-quality products to more than 50 countries around the world such as Russia, Saudi Arabia, India, Indonesia, Brazil.

With the right development strategy and constant efforts of all employees, HII has recorded outstanding achievements such as Top 1 Fastest Growing Enterprise in Vietnam (FAST 500) in 2020, 2021; being in the list of Reliable Exporters for 3 consecutive years selected by the Ministry of Industry and Trade (2018-2020); Vietnam Gold Star Award, Government Emulation Flag for enterprises with excellent achievements in production and business activities… At present, HII has affirmed its solid position as the leading plastic additives manufacturer in Vietnam.

In the new development phase, HII will continue to promote its competitive advantages, two factories will be run at maximum capacity, restructuring production and expanding market, and seize opportunities from free trade agreements and the shift of global supply chains to Vietnam. In addition, HII will invest in product research and development activity, especially in environmentally friendly bio-compound products with high technical requirements, capturing the trend of green consumption in the world and improving the value chain.

With 12 years of experience, the right direction of the Board of Directors, the unanimous enthusiasm and determination of all employees, An Tien Industries will definitely “Soaring to new heights”, becoming a strong enterprise in the field of plastic additives in Vietnam and overseas.

On the occasion of the 12th Anniversary of establishment, the Board of Directors of An Tien Industries would like to express our appreciation to our valued customers and partners who have always trusted and accompanied An Tien Industries for the past 12 years as well as to all employees who have contributed to An Tien Industries’ continuous success.

We often refer to the saying “A journey of a thousand miles begins with a single step” to deeply affirm that all great successes are created from simple actions. For An Phat Holdings (APH), this proverb is more meaningful than ever because looking back the journey of 19 years, we clearly see the growth and development of APH, from a packaging manufacturer to the leading high-tech and environmentally friendly plastic Group in Southeast Asia, operating in the following fields: compostable materials and finished products; engineering plastics and building material plastics; precision engineering and molding; raw materials and chemicals for plastic industry; industrial real estate and logistics, etc. The achievement of An Phat Holdings today have marked the efforts and enthusiasm of the Founders, Board of Management, and more than 5,000 employees of the Group.

September 27^th 2021 is not only An Phat Holdings’s 19^th birthday (2002 – 2021), but it also marks “the journey towards a sustainable future” of the Group. An Phat Holdings has made great strides to build a firm foundation and make breakthroughs in the new era.

Today, looking back at this journey, the great achievement of 19-year-old An Phat Holdings is the thorough preparation to not only face the challenges of COVID-19 but also implement strategic plans effectively. That is reflected in the strength, confidence, and solidarity in COVID-19 prevention activities so that the Group has not recorded any infections. An Phat Holdings’ Board of Management has made a great effort to ensure that 100% of employees are vaccinated, ensuring safety for  the Group’s employees

The 19-year-old An Phat Holdings also show the high determination of the Board of Management and more than 5,000l employees to fulfill business targets and make progress for major key projects.

For the industrial real estate segment, APH has basically completed the site clearance for An Phat 1 Industrial Park, moved to the stage of ground leveling and completing the infrastructure, preparing the premise for the next phase of commercial operation in 2022. The strategic cooperation with Actis – Britain’s leading investment fund will open up new prospects for An Phat Holdings in the field of industrial real estate, factories and warehouses for lease. An Phat Complex IP and An Phat 1 IP will become the key “green” industrial parks of Hai Duong province.

For the PBAT material manufacturing plant project, the implementation is taking place quickly and on schedule. APH has been granted an investment registration certificate by the Hai Phong IP Management Authority for the project in Dinh Vu Industrial Zone (Hai Phong). The Group also registered its PBAT and PBS green material patients for intellectual property protection, becoming the sole company in possession of these production technologies in Vietnam.

It is expected that in the fourth quarter of 2021, APH and Technip Energies Group – the world-leading construction contractor will complete the Front End Engineering Design (FEED), preparing for the  plant construction in early 2022. All employees at factories, offices and branches in Hanoi, Ho Chi Minh City, Hai Duong, Yen Bai, Hung Yen, USA, Korea, Singapore, etc. have been making constant efforts to achieve positive business results in the first 8 months of the year.

The upcoming 2022 will be an important historical milestone when An Phat Holdings turns 20 years old. With a strong foundation in corporate governance, the bravery and wisdom of the Board of Management, and the enthusiasm and constant efforts of employees, An Phat Holdings will definitely “step firmly” towards the sustainable and development future.

Happy 19t birthday of An Phat Holdings!

Constant Innovation, Steady step forward!

Ministry of Industry and Trade of Vietnam just announced the list of “Reliable Exporters” in 2020, based on voting and recommendation of the concerned agencies. Accordingly, 5 subsidiaries of An Phat Holdings were honored to be voted as reliable Vietnamese exporters, making great contributions to the export growth of the country, including: An Phat Bioplastics (Ticker symbol: AAA), An Tien Industries (Ticker symbol: HII), An Thanh Bicsol, An Vinh Packaging and An Cuong High-tech Building Materials. This is a rare achievement when a group with up to 5 subsidiaries is honored as “Reliable Exporters”.

“Reliable Exporters” are selected on the basis of criteria specified by the Ministry of Industry and Trade on minimum export turnover, the reputation of the business with foreign partners as well as the fulfillment of obligations to the Government regarding paying taxes, environment, and customer matter, etc.

With the vision of becoming a leading enterprise in the field of advanced technology and environmentally friendly plastic production in Southeast Asia, An Phat Holdings currently owns 15 subsidiaries, 13 factories and representative offices in Vietnam, Singapore, South Korea and the United States, etc. An Phat Holdings has exported its products to nearly 70 countries and territories around the world, including Europe, the United States, The United Arab Emirates, Japan, South Korea, Singapore, etc. and is a strategic partner of many multinational corporations.

This is the third time that An Phat Bioplastics and An Tien Industries have been recognized by the Ministry of Industry and Trade as “reliable exporters” and the first time An Thanh Bicsol, An Vinh Packaging and An Cuong High-tech Building Materials to be selected.