An Tien Industries’ 12th Birthday Anniversary: Soaring To New Heights (October 1, 2009 – October 1, 2021)

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.

HII is selected as Reliable Exporters by the Ministry of Industry and Trade for 3 consecutive years (2018-2020)
HII is selected as Reliable Exporters by the Ministry of Industry and Trade for 3 consecutive years (2018-2020)
Bên cạnh tập trung tối ưu hóa hoạt động sản xuất kinh doanh, nâng cao năng suất lao động An Tiến Industries còn tích cực tham gia các hoạt động từ thiện và hỗ trợ cộng đồng, người lao động
Besides optimizing production and business activities, An Tien Industries also focus on CSR activity to supports the community and employees.

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.

An Phat Holdings – 19 years of celebration (September 27th 2002 – September 27th 2021): A journey towards a sustainable future

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 27th 2021 is not only An Phat Holdings’s 19th 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.

An Phat 1 Industrial Park has achieved many important steps, preparing the premise for the phase of commercial exploitation in 2022
Quỹ đầu tư Actis và An Phát Holdings kí kết thỏa thuận hợp tác phát triển trong lĩnh vực
Actis and An Phat Holdings signed a cooperation agreement in industrial real estate segment, warehouses and logistics.

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.

Niềm vui lao động tại Công ty CP Nhựa An Phát Xanh
The joy of work at An Phat Bioplastics JSC.
Smile of worker
Smile of worker
An Phát Holdings đã xây dựng hành trang vững chắc, sẵn sàng bứt phá trong giai đoạn mới
An Phat Holdings has built a strong foundation, ready to make a breakthrough in the new period

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!

5 subsidiaries of An Phat Holdings are honored to be “Reliable Exporters” in 2020

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.

An Tien Industries (HII) reported triple in profit in the first half of the year, completing 91% of year plan

Particularly in the second quarter, HII’s profit after-tax reached VND 34 billion (~$ 1.4 million), 2.4 times higher over the same period.

An Tien Industries Joint Stock Company (HII) – a member of An Phat Bioplastics JSC (HoSE: AAA) has just announced the business results for the second quarter and the first six months of 2021 with both revenue and profit increased compared to the first half of 2021.

Specifically, in the second quarter, HII’s net revenue reached more than VND 2,179 billion (~$ 92.7 million), double the same period last year thanks to improving production efficiency and trade activities over the same period, leading to an increase in sales revenue of nearly VND 1,000 billion (~$ 42 million) as of figures recorded in the second quarter of 2020.

Cost of goods sold also increased, but gross profit still reached VND 152.5 billion (~$ 6.4 million), 2.7 times higher than in the second quarter of 2020.

During the period, selling and administrative expenses increased by 204% and 67% respectively, resulting in HII profit after tax of VND 34 billion (~$ 1.4 million), 2.4 times higher than the result of Q2/2020.

In the first 6 months of 2021, HII’s net revenue reached more than VND 3,461 (~$ 147 million), up more than 84% over the same period, profit after tax reached VND 63.5 billion (~$ 2.7 million), nearly 3 times higher than in the first half of last year. Meanwhile, AAA’s profit after tax reached VND 48.4 billion (~$ 2 million).

An Tiến Industries (HII) báo lãi nửa đầu năm gấp 3 lần cùng kỳ, hoàn thành 91% kế hoạch cả năm - Ảnh 1.

In 2021, HII sets business targets with a total revenue of VND 4,000 billion (~$ 170 million), profit after tax of VND 70 billion (~$ 2.9 million), a slight decrease of 2.2% and an increase of 32% respectively compared to last year.

Thus, by the end of the second quarter, HII has completed 86.5% of the revenue target and 91% of the 2021’s profit plan.

In 2021, HII plans to focus on improving the capacity of old factories such as importing 3 more stone powder grinding machines and 1 powder coarse grinding machine and mass production. The output of stone powder is expected to increase from 8,000 tons per month to 16,000 tons per month.

On the other hand, the Company plans to expand the warehouse, optimize the warehouse area; consider buying 2 more Ancal machines if output is maximized and profit margin is maintained. Consumption output reached 130,000 tons of additives and stone powder per year.

(According to Nhipsongkinhte Newspaper)

An Phat Holdings to organize online Half-Year Review ceremony

On July 29, 2021, An Phat Holdings (APH) held an online event to review business activities for the first 6 months of the year and review plans for the last 6 months of the year. This is an annual activity to assess the operation, production and business situation in the first and second quarters to propose plans to increase production in the second half of the year.

Attending the online event was Mr. Pham Anh Duong, Chairman of An Phat Holdings and the Board of Directors of APH and member companies in Hanoi, Ho Chi Minh, Hai Duong, Hung Yen, Yen Bai etc.

In the context of complicated developments of the Covid-19 epidemic, APH held the ceremony online, ensuring the prevention and control of the epidemic.

APH tổ chức Lễ tổng kết bằng hình thức trực tuyến
APH held the event online

Reviewing the business performance in the first half of 2021, the Group assessed business and production activities for the first 6 months and plan to implement key projects of the year.

In particular, the Group’s Board of Directors emphasized a number of important activities in the past time such as the cooperation with Actis – the British Investment Fund in the field of industrial real estate, preparing for the construction the of PBAT An Phat manufacturing plant, boost export activities to the US, Europe… in the context of the world economy has gradually recovered.

Especially, in the context of complexity caused by Covid-19 and the fact that freight costs are rising in the world, the Group has still achieved positive results in both revenue and profit. The Group’s Board of Directors commended and awarded three member companies with the best achievements, namely An Phat Bioplastics, An Phat Complex and An Thanh Bicsol. The Board of Directors of the Group expressed their confidence in the leadership team of the subsidiaries and employees, encouraging all employees to strive for the best and putting more efforts in the coming period.

Mr. Pham Van Tuan (right), Deputy CEO of APH, General Director of An Phat Complex received flower from Mr. Dinh Xuan Cuong – Vice Chairman, CEO of APH
Mr. Pham Van Tuan (right), Deputy CEO of APH, General Director of An Phat Complex received flower from Mr. Dinh Xuan Cuong – Vice Chairman, CEO of APH
Ms. Dao Thi Bich (left), Standing Deputy General Director on behalf of An Thanh Bicsol received flower from Mr. Dinh Xuan Cuong, Vice Chairman, CEO of APH
Ms. Dao Thi Bich (left), Standing Deputy General Director on behalf of An Thanh Bicsol received flower from Mr. Dinh Xuan Cuong, Vice Chairman, CEO of APH

In the plan for the last 6 months of the year, the Board of Directors requests that all subsidiaries focus on production and business activities to achieve the set targets, and at the same time ensure maximum safety for production and employees, strengthen the plan to vaccinate employees for Covid-19 prevention… This is the key for the Group’s success in 2021 and to set the stage for 2022-2023.

A global investor – Actis to invest more than USD 20 million in An Phat 1 Industrial Park of An Phat Holdings

Actis – A leading global investor in sustainable infrastructure, signed a cooperation agreement with An Phat High-Technology Industrial Park Company Limited (An Phat Complex), a member of An Phat Holdings in which Actis invested more than USD 20 million in An Phat 1 Industrial Park to own 49% of the company’s shares.Additionally, the parties have signed a Memorandum of Understanding to form an RBF / RBW development joint venture program worth US $250 million.

An Phat Holdings (ticker symbol: APH) and Actis, a leading global investor in sustainable infrastructure, officially signed a development cooperation agreement that will focus on two areas: the development of industrial parks and ready-built factory and warehouse (RBF / RBW) for lease. Accordingly, Actis will invest more than US $20 million in An Phat 1 Industrial Park to own 49% of the company’s share. Additionally, the parties have signed a Memorandum of Understanding to form an RBF / RBW development joint venture program worth US $250 million.

Mr Pham Van Tuan (left), Deputy CEO of An Phat Holdings signed a cooperation agreement with Actis

Mr. Brian Chinappi, Partner and Actis’ Head of Asia Real Estate said “The industrial and logistics sector is consistent with our strategy to invest in sustainable infrastructure in growth markets in Asia and globally. We see compelling opportunities to pursue our build-to-core strategy in the industrial and logistics sector, reinforced by what we at Actis refer to as the 4Ds: Demographic shifts, Digital disruption, Deficient supply and Demand for yield. Vietnam’s industrial and logistics real estate market is poised for outsized growth given the sustained relocation of manufacturing base from markets like China, strong growth in domestic exports and imports, and an accelerating shift to e-commerce retailing. An Phat Holdings has a strong track record in this space, a clear development strategy, and like Actis, it is fully committed to sustainable development. An Phat 1 Industrial Park will be the beginning of our strategic partnership with An Phat Holdings and we are excited to jointly pursue industrial park and ready-built factory/ warehouse development opportunities on a large scale”.

Mr Brian Chinappi, Partner and Actis’ Head of Asia Real Estate

Commenting on the strategic cooperation, Mr. Dinh Xuan Cuong – Vice Chairman, Chief Executive Officer of An Phat Holdings expressed: “This is the first step in the long-term cooperation between An Phat Holdings and Actis, aiming to develop An Phat 1 Industrial Park into a leading, green industrial park in the North. For us, this cooperation provides funds and also provides An Phat Holdings with more resources to deploy to new projects and unlock potential of the industrial real estate segment. Along with that, we can improve reputation, product and service quality, and maximize operating capacity of An Phat 1 Industrial Park.”

Mr Dinh Xuan Cuong, Vice Chairman and CEO of An Phat Holdings

Actis is a leading global private capital investor focused on sustainable infrastructure. The firm has a strong emerging markets heritage across Africa, Asia and Latin America raising more than US$ 19 billion, in over 260 investments in the last 20 years. Actis connects the world’s leading institutional investors with investment opportunities in sustainable infrastructure sectors. Through deep operational experience, on the ground presence, and a values-led approach, Actis delivers competitive returns for its investors and transformational positive impact for the countries, cities and communities in which it invests. At present, the company has a team of more than 120 investment professionals, working across 17 offices globally.

An Phat 1 Industrial Park is a project of An Phat High-Tech Industrial Park No.1 Joint Stock Company, a subsidiary of An Phat Bioplastics (Ticker symbol: AAA) – member of An Phat Holdings. An Phat 1 Industrial Park is also one of its four new industrial parks in Hai Duong province, with an area of 180 ha in phase 1 with the charter capital of VND 375 billion. When it comes into operation, An Phat 1 Industrial Park aims to attract 50 – 70 manufacturing plants, creating jobs for approximately 12,000 workers, and reaching a 100% occupancy rate by 2024.

An Phat 1 Industrial Park

An Phat 1 Industrial Park’s goal is to develop Hai Duong’s leading high-tech and environmentally-friendly industrial park, which attracts investors from a wide range of industries, such as electronics, food and beverage (F&B), plastic, injection molding and supporting industry among others.

Currently, An Phat 1 Industrial Park is at the site clearance stage in preparation for construction to begin in July 2021. It is expected that the industrial park will come into operation and start commercial activities from the fourth quarter of 2021.

An Phat Holdings is the leading high-tech and environmentally-friendly plastic Group in Southeast Asia. Currently, An Phat Holdings owns two leading industrial parks in the North, An Phat Complex and An Phat 1 Industrial Park (a joint venture with Actis). In the next 5 years, the group plans to develop a large land bank in Hai Duong, a favorable location to attract foreign investment into Vietnam due to its high-quality workforce, supporting infrastructure and connectivity to major sea and airports, and close proximity to the Chinese border.

An Phat Holdings is praised by The government for donating to national COVID-19 vaccine fund

On the evening of June 5, the launching ceremony of the national COVID-19 vaccine fund in Hanoi was held with the presence of the Prime Minister, representatives of leaders of government, enterprises and organizations.

Phó Thủ tướng Chính Phủ Lê Minh Khái (bên phải) trao chứng nhận cho Ông Phạm Văn Tuấn - Quyền Phó TGĐ Tập đoàn An Phát Holdings (bên trái)
Deputy Prime Minister Le Minh Khai (right) presented donation certificate to Mr. Pham Van Tuan – Acting Deputy CEO of An Phat Holdings (left)

Attending the event, An Phat Holdings was honored to receive the Government’s commendation as pioneer donor to the national COVID-19 vaccine fund. Representative of An Phat Holdings’ management, Mr. Pham Van Tuan – Acting Deputy CEO of the Group received certification for making contribution of VND 20 billion (~$ 851,000) to the national COVID-19 vaccine fund.

In the fight agaisnt COVID-19, An Phat Holdings wishes to contribute to the community, demonstrating the social responsibility of businesses for the country to quickly stamp out Covid-19.

See more pictures at the event:

Tập đoàn An Phát Holdings là doanh nghiệp tiêu biểu được biểu dương tại sự kiện
An Phat Holdings attended the event as a typical enterprise making contribution to the national Covid-19 vaccine fund
Đại diện BLĐ Tập đoàn An Phát Holdings, ông Phạm Văn Tuấn - Quyền Phó TGĐ Tập đoàn (thứ 2 bên trái) nhận hoa và chứng nhận đóng góp 20 tỷ đồng
Representative of managements of An Phat Holdings, Mr. Pham Van Tuan – Acting Deputy CEO of the Group (left) received certification of donating VND 20 billion (~$ 851,000)

An Tien Industries General Shareholders’ Meeting 2021: Approves target revenue of VND 4000 billion, plan to issue 4.8 million bonus shares to existing shareholders

Năm 2021, HII đặt kế hoạch doanh thu đạt 4.000 tỷ đồng, lợi nhuận sau thuế đạt 70 tỷ đồng

On 28 April, An Tien Industries Joint Stock Company (Ticker Symbol: HII) successfully held the General Shareholders’ Meeting 2021. At the meeting, the Board of Directors evaluated the efficiency of production and business activities in 2020, approving business plan in 2021 and plan to issue 4.8 million bonus shares to existing shareholders, among other important issues.

Regarding business performance in 2020, in the context of a global economic slowdown due to the Covid-19 pandemic, global trade is affected, as an exporter, HII implemented measures to adapt to the general situation, overcome difficulties by restructuring enterprises, searching for new markets, and promoting exports.

As a result, HII’s revenue reached VND 4,083 billion (~$ 173.7 million), after-tax profit reached VND 53 billion (~$ 2.2 million), completing 124% of planned revenue, 88% of planned profit in 2020. Despite the impact of the Covid-19 epidemic, the production output of two main products of the business, CaCO3 and filler, continued to increase 8% over the same period, equivalent to 103 thousand tons. However, revenue in 2020 decreased by 12% over the same period due to a sharp decline in world plastic material prices in the first half of 2020.

Năm 2021, HII đặt kế hoạch doanh thu đạt 4.000 tỷ đồng, lợi nhuận sau thuế đạt 70 tỷ đồng
In 2021, HII targets to achieve VND 4000 billion (~$ 170 million) in revenue and VND 70 billion (~$ 3 million) in profit after tax

In 2020, HII managed to saved production costs, especially the commercial segment applied a new policy of receiving goods when there are orders, reducing inventory, along boosting exports, leading to a sharp increase in profit margin. In detail, the profit margin is improved from 2.5% in 2019 to 3.7% in 2020 for the commercial segment, and from 20.1% to 22.8% in 2020 for the manufacturing segment.

Total assets as of 31/12/2020 were 1,530 billion VND, a decrease of 13% compared to the same period, mainly because HII reduced its liabilities during the year.

In 2021, HII targets to achieve revenue of VND 4,000 billion (~$ 170 million) and profit after tax of VND 70 billion (~$ 3 million), equivalent to 32% growth compares to achieved profit in 2020, payout ratio rate from 10-15% per share.

The General Shareholders’ Meeting also approved the plan to issue 4.8 million bonus shares, an implementation ratio of 100:15, to existing shareholders.

Also in 2021, HII will optimize production at the stone powder and ANCAL additives manufacturing plant, setting a consumption target of 130,000 tons of stone powder and gradually shift to biocompound environmentally friendly products that have good profit margins and high value engineering plastic compound products.

At the end of the first quarter of 2021, HII’s consolidated revenue reached VND 1,282 billion (~$ 55 million), profit after tax reached VND 29.5 billion (~$ 1.3 million), equivalent to growth of 61% and 286% compared to the same period in 2020, completing 32% and 42% of revenue and profit plan in 2021.

An Tien Industries eyes $3 million profit, plans to issue 4.8 million shares

An Tien Industries Joint Stock Company (Ticker symbol: HII) has issued the documents of the General Shareholders Meeting in 2021.

Accordingly, in 2021, HII plans to achieve a consolidated total revenue of VND 4,000 billion (~$170 million), a decrease of 2% compared to the plan in 2020. However, profit after tax is projected to reach VND 70 billion (~$ 3 million), equivalent to an increase of 32%. At the same time, the HII plans to pay dividends in 2021 at the rate of 10 – 15%.

In 2021, HII aims to focus on improving the capacity of current factories, such as importing 3 more fine powder machines and one powder grinding machine for mass production. Stone powder output will increase from 8,000 tons per month to 16,000 tons per month.

Besides, the company has a plan to expand the warehouse, optimize the warehouse area; Consider buying 2 more Ancal machines if maximum output and profit margin are maintained. The consumption output reached 130,000 tons of additives and stone powder per year.

Hoạt động sản xuất trong nhà máy HII

Also at the General Shareholders Meeting, HII will submit to shareholders a plan to issue more than 4.8 million common shares to increase share equity from owners’ equity. Shares have a value of VND 10,000 dong per share, total expected issue value is over VND 48 billion (~$ 2 million), implementation ratio 100:15 (shareholders owning 100 shares will receive 15 new shares).

In 2020, HII achieved VND 4,083 billion (~$ 174 million) in net revenue, which decreased 11.9% compared to 2019. In which, revenue from trading plastic resin reached VND 3,347 billion (~142 million), declined 13.7% compared to 2019. And revenue from the production and trading of plastic materials (Calbest particles and stone powder) by 2020 will reach VND 604 billion (~$ 25.7 million), equivalent to a decrease of 5%.

(Source: https://tinnhanhchungkhoan.vn/an-tien-industries-hii-nam-2021-len-ke-hoach-dat-70-ty-loi-nhuan-va-phat-hanh-them-4-8-trieu-co-phieu-post266250.html)

An Phat Holdings awarded trademark protection in US

An Phat Holdings, a pioneer in the production of bioplastic products in Vietnam, was just granted a trademark registration certificate by the United States Patent and Trademark Office for its AnEco-branded compostable and compostable product line. This is a notable success for the company in cultivating and developing overseas output markets for its green products.

The registration of the trademark in the US not only allows AnEco to get legitimate legal protection in the US, it also opens up a multitude of opportunities for APH to expedite business co-operation projects and bring AnEco compostable products to the US and North American markets.

In light of the United States Patent and Trademark Office (USPTO) decision, AnEco will receive protection for 10 years, with a possibility of subsequent extension. Through US trademark protection, the company will be able to scale up sales of AnEco products in this demanding market.

Nhãn hiệu AnEco của Tập đoàn An Phát Holdings chính thức được bảo hộ tại Hoa Kỳ
An Phat Holdings’ AnEco compostable products have received trademark protection in the US

AnEco product lineups benefiting from this certification include compostable products such as: cutlery (knives, spoons, and forks); food storage bags, garbage bags, and shopping bags; drinking cups and straws.

The AnEco product lineup was developed and launched in the global market by An Phat Holdings (APH) since 2015. As of now, the products have made forays into more than 20 countries, including fastidious markets like the US, Italy, France, and Australia.

With AnEco, APH has become the trailblazer in Vietnam in producing environmentally friendly products. Compostable products under the AnEco brand have undergone strict quality verification processes and won the world’s leading certificates, including OK Compost HOME and OK Compost INDUSTRIAL by TUV Austria, BPI Compostable (US) or DIN CERTCO (Germany), and Biobased 50-85%, among others.

In its global green supply chain integration strategy, APH has made the US its focal market and has prepared to fully tap into the market in the upcoming years. To receive the protection of the US administration, the company had spared no efforts for more than two years to develop this green product lineup for this demanding market.

Sản xuất sản phẩm sinh học phân hủy hoàn toàn AnEco tại nhà máy thuộc Tập đoàn An Phát Holdings
AnEco compostable bioplastic production at an An Phat Holdings plant

Leveraging the operation of its representative office and two member units in the US market – An Phat International and AFC Ecoplastics – and activities for investment promotion by diverse investment funds and US businesses, An Phat Holdings has been consolidating firm market footholds for AnEco products. In the coming time, the company has set focus on strengthening AnEco’s online business.

Alongside global market expansion efforts, in Vietnam, APH has been building Southeast Asia’s biggest compostable material manufacturing plant (PBAT) in the port city of Haiphong.

With an estimated annual capacity of 30,000 tonnes, the plant is slated to kick-off construction in this September and begin commercial operation from 2023 to join the global supply chain.

Seventy per cent of the plant output will serve APH’s production needs, particularly items under the AnEco brand to satisfy domestic and export demand. The plant’s commercial operation is expected to significantly reduce the production cost of APH’s green products.

The remaining 30 per cent of material produced by PBAT will feed local production firms as well as export markets.

Through ceaseless efforts on research and development, APH aims to become self-controlled in material sources, from there lowering production costs and sharpening competitiveness in both domestic and export markets.