Apr
The Coronavirus disease (COVID-19) has appeared since the end of 2019, and kept a huge outbreak in early 2020, which has caused a negative impact on Vietnam and many other countries’ economy and social life.
Known as the leading enterprise in the field of manufacturing high-tech and environmentally friendly plastics in Southeast Asia, An Phat Holdings currently has 15 subsidiaries, more than 5,000 employees and factories, and offices throughout Vietnam such as Hanoi, Hai Duong, Hung Yen, Yen Bai, Ho Chi Minh City, Long An, etc. At the same time, An Phat Holdings products are exported to more than 60 countries and regions over the world.
Therefore, the safety assurance of products and workers is An Phat Holdings’ top priority in the complicated situation of the Covid-19 outbreak.
With the motto of “Safety for production and products”, accordingly, An Phat Holdings has maintained a drastic and serious attitude against Covid-19 disease from its headquarters, offices to factories.
From the end of December 2019 to January 2020 when the disease broke out in China and increased the risk in Vietnam, An Phat Holdings established a number of disease prevention committees in all subsidiaries, branches, representative offices, factories, etc., to quickly respond to the Covid-19 related situations
Preventive measures have been strictly implemented by all employees such as: Requiring all employees to wear masks, wash, disinfect their hands, and measure their daily temperature; propagating and timely updating the latest information about on the COVID-19 disease; strictly controlling business trips of all staff, and corporate activities, etc.
Particularly, for the production segment, An Phat Holdings considers this as the focus needing the highest level of attention. In addition to the general measures, An Phat Holdings has applied some other methods like: Ensure the standard distance of minimum 2m2 for workers at factories; Measure temperature for all employees and require all of them to sanitize their hands before and after the shift meals, etc.
With all the preventive measures applied strictly and thoroughly, An Phat Holdings hopes that there will not be any infected cases or suspected cases of within the organization.
Let’s watch the following video clip to further understand An Phat Holdings’ preventive measures to the Covid-19 disease.
Mar
On March 20th, 2020 – Today, An Tien Industries JSC (Ticker: HII) successfully organized the 2020 Annual Shareholder Meeting in at its headquarters – Southern Industrial Park, Van Tien Commune, Yen Bai City, Yen Bai province.
The meeting summarized its business performance in 2019, approved the 2020 business plan and direction as well as reports related to the company’s management and operation activities.
Approving An Phat Bioplastics Joint Stock Company (An Phat Bioplastics – Ticker: AAA) for increasing its ownership to 65% with no public tender offer
The meeting approved An Phat Xanh Plastic JSC for increasing its ownership to 65% without requiring a public tender process.
AAA currently owns 51% of HII, equivalent to 51% of the company’s equity. In the long-term development plan, AAA continues to joint hands with HII to develop business and maintain its position as the No. 1 enterprise in Southeast Asia in terms of film packaging production.
Particularly, AAA purchases additional shares from existing shareholders of HII with no public tender offer.
2019 revenue reached VND 4,632 billion, exceeding nearly VND 1,700 billion of the original plan
In the 2019 Annual Shareholder Meeting, HII aimed to achieve VND 3,000 billion in consolidated revenue and VND 70 billion in profit. Regarding business results in 2019, HII reached VND 4,632 billion in revenue, exceeding 54.4% of the set plan; profit after tax earned VND 54 billion, reaching 77.14% compared to the set plan.
In 2019, HII had the dividend payout ratio of 15%
The 2019 revenue considerably grew exceeding the set plan mainly thanks to its current manufacturing segment with a high gross profit margin, and the reduced revenue from the commercial segment, with a very low gross profit margin.
At present, HII is producing stone powder and plastic fillers (70% exported to foreign markets, to about 62 countries, accounting for nearly 20% of Vietnam’s total export of plastic fillers), ranked among the top 2 in Vietnam with continuous revenue growth.
Estimated strong growth in 2020
By 2020, HII will achieve VND 3,300 billion of consolidated revenue and VND 60 billion consolidated profit after tax, increasing by 11% compared to 2019. In response to shareholders about these figures, Chairman of HII, Mr. Dinh Xuan Cuong said that the total profit has an expected growth of 11% but in 2019 HII had a financial profit of VND 18 billion, so the actual profit in 2020 is estimated to increase by 67% compared to 2019. The dividend rate is around from 10% to 15%.
Besides its continuous effort for investment activities, productivity improvement, HII plans to increase its core earnings, details as below:
– Scale: Continue to invest in machines, production lines, expand manufacturing activities.
– Production orientation: Focus on gradually promoting the product quality. The company will produce engineering plastic materials (compound), starting from low-end products, then deploying a joint venture to make intermediate and almost-premium ones. Half of these products will be provided to An Phat Holdings (HII is a subsidiary of An Phat Holdings), another half will be sold on the market.
– Regarding its administration, Board of Directors will keep improving the quality of its internal governance.
In addition, the meeting also passed the decisions proposed by B.O.D, dismissing a member of B.O.D, Mr. Nguyen Huu Long, electing Mr. Nguyen Trung Kien as a new member of B.O.D.
HII Annual General Meeting was successfully organized!
Mar
On 17 Mar 2020, An Phat Holdings and its employees are present at the People’s Committee of Truc Bach Ward (Hanoi) to give thousands of AnEco compostable paper cups to 300 residents and workers on duty in the isolation area of Truc Bach. This is a significant activity of An Phat Holdings in general and AnEco compostable brand in particular in an effort to join hands with the public to prevent and control Covid-19 disease. Through this, An Phat Holdings wishes to go along with people in the community to get rid of the corona virus by using a paper cup daily.
AnEco compostable paper cups of An Phat Holdings have obtained some international leading quality and safety standards such as Din-certo of Germany (for the production of bio compostable materials), SGS of Switzerland (for safety and health standards), OK Compost of Austria (for environmental friendliness).
After this activity, An Phat Holdings and AnEco brand also plan to sponsor disposable products for other isolated residential areas to spread a spirit of sharing and caring within the community, going together against Covid-19.
On behalf of Truc Bach Ward People’s Committee, Mr. Hoang Duc Thang – Secretary of Truc Bach Ward Party Committee expressed his sincere thanks to Board of Directors and An Phat Holdings’ community for their care and attention to residents and workers on duty in the isolation area on Truc Bach Street.
In addition to business activities, AnEco has enthusiastically responded to, organized and participated in a number of activities to propagate the green lifestyle as well as environment protection across Vietnam, some activities like joining hands in clearing Vung Tau beach, taking part in the campaigns for a green – clean – beautiful environment in Hai Duong, Earth Day Compostable, for a cleaner Hoi An, challenges to change, etc.
On January 18, An Tien Industries Joint Stock Company held a Ceremony to summarize its operation activities and deploy its 2020 development plan in Yen Bai, for the purpose of evaluating its business performance, the production in 2019 disclosing its 2020 development plan. This is also an occasion for An Tien to honor and reward teams and individuals with outstanding achievements in the past year.
Mr. Doan Minh Duc, General Director, Mr. Nguyen Viet Dung Deputy General Director, representatives of BOD, and other staff.
2019 is a successful year for An Tien Industries, recognizing its “stable position” in the field of manufacturing plastic fillers and stone powder.
In 2020, An Tien will continue to consolidate its existing position, develop production activities, expand more new strategic activities, and become the No. 1 enterprise in Vietnam in terms of plastic raw materials and additives.
On February 17, 2020, employees of An Phat Complex (a subsidiary of An Phat Bioplastics) joined hands to rescue 5 tons of watermelons to support farmers in Gia Lai province. Due to the outbreak of Coronavirus disease (COVID-19), a large number of markets adjacent to China have come to a halt, leading to a huge backlog of fruits such as watermelons, dragon fruits, durians, etc.
An Phat Complex and An Phat Bioplastics hopes that this campaign will not only help farmers relieve their anxiety, partly offset their production costs, but also spread a spirit of solidarity and sharing to other enterprises, organizations, and individuals within the community, together join hands to support Vietnamese farmers in the time of COVID-19 disease outbreak.
Some photos of An Phat Complex’s employees on this day:
