On June 23, An Phat Bioplastics JSC (a member of An Phat Holdings) was honored to receive the 2018 National Quality Award.
This is a national award signed by the Prime Minister for organizations and enterprises with outstanding achievements in production and business.
Ms. Tran Thi Thoan – Permanent Deputy General Director of An Phat Bioplastics received the award.
The National Quality Award 2018 was signed by the Prime Minister Nguyen Xuan Phuc according to the Decision 543, awarding to 75 Vietnamese enterprises. An Phat Bioplastics is one of nine large manufacturing enterprises honored to receive the Gold Award, the highest award in the National Quality Award system at this time.
Enterprises won the National Quality Award in 2018
The National Quality Award is the only annual award for quality codified by Product Quality Law. This is issued according to international rules – under the Global Performance Excellence Award – GPEA of the Asia-Pacific Quality Organization. Award is both a goal and a tool for enterprises to improve productivity, quality, and competitiveness of their products.
Ms. Tran Thi Thoan – Standing Deputy CEO of An Phat Bioplastics and the award
Receiving the National Quality Award will be a great premise and motivation for An Phat Bioplastics in particular and An Phat Holdings in general to continue participating in Global Performance Excellence Award – GPEA of the Asia-Pacific Quality Organization.
On June 19, under the witness of Deputy Prime Minister of the Socialist Republic of Vietnam – Mr. Vuong Dinh Hue, together with Mr. Kwak Young Kil, Chairman of Aju Communication Group and Oriental Express Foundation, President of Vietnam – South Korea Economic and Cultural Exchange Association, An Phat Holdings and TLC Company (Korea) have signed a Memorandum of Understanding (MoU) on the Strategic Cooperation in the research and production of bio compostable materials in Korea and Vietnam.
According to this strategic cooperation, An Phat Holdings will contribute 51% of the capital to TLC Company for the two parties to implement the following strategic objectives:
– Producing bio compostable materials and products made from these materials for Korean market
– Establishing R&D Center (Research & Development) in Korea for bio compostable materials
– Investing in building a bio compostable factory in Vietnam, estimated value of USD 100 million. This will be the first plant to produce PBAT (a bioplastic) in Southeast Asia, the design capacity will gradually increase and is expected to be 50,000 tons / year by 2025, foremost providing products for Asian markets.
General Director of TLC Korea (left) and General Director of An Phat Holdings signed a cooperation agreement
The strategic cooperation with TLC is a new step of An Phat Holdings in an effort to expand the international market and diversify products made from bio compostable materials as well as participating in the global protection environment value chain. An Phat Holdings has paid much attention to South Korean market as well as maintaining good cooperation with many South Korean customers. About two years ago, Samsung Securities Company Limited, a subsidiary of Samsung Group, introduced to more than 300 investors in South Korea about the opportunity to invest in An Phat Bioplastics (AAA), owned by An Phat Holdings. In February 2018, a South Korean investment fund named Valuesystem invested US $ 15.6 million, equivalent to VND 353 billion into An Phat Holdings. Also in 2018, An Phat Holdings officially opened a representative office in South Korea with the purpose of understanding the market, customers’ needs for packaging products, especially products made from bio compostable materials. After a period of research, An Phat Holdings found that South Korean market is very attractive for producing bio compostable products, and TLC plays a vital role to accomplish this goal. Since then, An Phat Holdings and TLC have worked together for over 6 months to appraise the project, design appropriate business models along with planning the project strategies.
As part of the strategy to expand and develop bio compostable products globally, in addition to cooperating with TLC in South Korea, An Phat Holdings is also planning to build a specialized factory in producing bio compostable products and environmentally friendly ones in the US, named An Phat USA. The plant is expectedly invested with a line of modern machines and advanced technology. It is estimated that the products will be mainly provided to the North American market.
Currently, An Phat Holdings is the first manufacturer in Vietnam to be granted the TUV Vincotte OK HOME COMPOST international certificate for AnEco bio compostable products (compostable bags, gloves …). An Phat Holdings is also the only enterprise in Vietnam and one of the five Asian representatives joined in the European Bioplastic Association.
On the morning of June 1, 2019, at Nam Sach District Convention Center, Hai Duong National Assembly Delegation collaborated with An Phat Holdings presented gifts to poor students who achieved good results in the school year 2018-2019. Participants included: Ms. Le Thi Thuy, Member of the Party Central Committee, Deputy Chairman of Central Inspection Committee – Member of the 14th National Assembly, Mr. Hoang Quoc Thuong, Member of the Provincial Party Committee, Deputy Head of the Delegation in charge of the provincial National Assembly Delegation; Ms. Vu Thi Thuy – Member of the Provincial Party Committee, Chairman of the provincial Women’s Union, Member of the 14th National Assembly, Mr. Pham Hoang Viet – Vice Chairman of An Phat Holdings. From Nam Sach district, there were Mr. Bui Van Thang – Secretary of District Party Committee – Chairman of District People’s Council, Mr. Ho Ngoc Lam – Permanent Deputy Secretary of the District Party Committee, Mr. Le Quang Thu – Deputy Secretary of the District Party Committee – Chairman of the District People’s Committee.
An Phat Holdings presented gifts to students
At the program, the leaders of the Central Inspection Committee, the Delegation of the National Assembly in the province, the district and An Phat Holdings gave 100 gifts (each gift included a pair of books, notebooks, candies and 1 million VND in cash) for poor students achieving good results in the school year 2018 – 2019 in the district.
Mr. Bui Van Thang – Secretary of District Party Committee gave gifts to students
Speaking at the gifting ceremony, Ms. Le Thi Thuy – Member of the Party Central Committee, Deputy Chairman of the Central Inspection Committee emphasized that children are the future owners of the country, so they need to be cared and protected, especially, the poor students with good achievements. The gifts, though not of great value, have a spiritual meaning, which is a source of encouragement for students to overcome difficulties in life. He hoped that the committees, authorities, local organizations and enterprises, and donators will continue to join hands to help poor students overcome difficulties and get good educational background contributing to the development of the country.
On behalf of Nam Sach Leaders, Mr. Bui Van Thang, Secretary of the District Party Committee, thanked the Hai Duong National Assembly Delegation, An Phat Holdings for regularly paying attention to local social security activities, especially helping the poor, disadvantaged students to rise up in life. This is an annual activity of An Phat Holdings to timely encourage young generations in the district, as well as developing the homeland more and more prosperously.
On May 12, An Tien Industries Joint Stock Company participated in the groundbreaking ceremony of the project “The road to school” in Lao Chai village, Lao Chai commune, Mu Cang Chai district. This event hold by the Standing Committee of Yen Bai province.
This is a rural road from the semi – boarding house to the primary school of Lao Chai commune, Mu Cang Chai district, 700m long, with the scale of concreting the entire road. The road will push up trading activities for over 700 households, nearly 3,000 people live in 6 villages in the commune more convenient, and making the daily travel of 644 semi-boarding students so easier. The project is expected to be completed and put to use in June 2019.
For many years, An Tien Industries has always been a leader in the volunteer activities of An Phat Holdings. The company has been carrying out several CSR activities such as taking care of and supporting Vietnamese Heroic Mothers, supporting local charity funds, supporting families in difficult circumstances, flood victims, … An Tien Industries funded total 70 million for the project.
On April 19, 2019, An Tien Industries Joint Stock Company (Hose: HII) successfully held the 2019 Annual Shareholder Meeting at its head office – Southern Industrial Park, Van Tien Commune, Yen Bai City, Yen Bai Province. The meeting reviewed the business performance in 2018 and approved the 2019 business plan, as well as the reports related to the corporate management and operation.
Exceeding 62% of the plan, increasing by 265% over the same period in 2017; 2018 revenue with significant increase • At the 2018 Annual Shareholders Meeting, HII sets the target of 3,000 billion Vietnam dongs in revenue and 130 billion Vietnam dongs in profit. 2018 business results achieved VND 4,874 billion in revenue, exceeding 62.46% of the year plan. Profit after tax was VND 45 billion, reaching 34.62% of the original plan. • 2018 revenue grew strongly and exceeded the original plan mainly thanks to plastic resins trading. An Thanh General Production Joint Stock Company – a HII’s subsidiary has now become the second largest distributor of plastic materials in Vietnam. • In addition to the intensified commercial activities, the company also boosted its production and trading activities, dominating the market by increasing the operating capacity of two Calbest and stone powder plants; • However, due to the fact that plastic resins trading activities with low profit margin have been promoted recently to build a market for plastic consumption, HII’s business results have declined; The fluctuations of USD / VND exchange rate in the year also reduced the company’s profit due to an increase in production expenses. During the year, the company promoted its sales and administration activities, leading to a rise in selling expenses and management costs, etc. Keep improving production capacity and dominating the market In 2019, HII is expected to reach VND 3,000 billion in consolidated revenue and VND 70 billion in consolidated profit. HII expects to pay from 10% to 20% dividend to shareholders. In 2019, HII will continue to improve production capacity and dominate the market, restructure the company, focus on production, invest in technology, research and develop quality compounds, especially biological compounds for the production of environmentally friendly plastic products, strives to become the largest producer of plastic additives in Vietnam. Approving the transfer of shares to restructure the company An Phat Holdings Joint Stock Company (APH) was allowed to receive the transfer of HII’s outstanding shares currently owned by An Phat Xanh Plastic JSC (renamed from An Phat Plastic and Green Environment JSC) – AAA without performing a public tender procedure. Accordingly, APH received a transfer of 14,200,000 shares – 50.99% of HII’s charter capital from AAA. The Meeting also approved the transfer of all shares owned at An Thanh General Production JSC to An Phat Xanh Plastic Joint Stock Company – AAA. The number of shares transferred was 11,040,000, the transfer price was not lower than the face value.
Issuing 1,392,500 ESOP shares for employees The Annual Shareholder Meeting also approved the plan to issue shares under the Employee Stock Ownership Plan (ESOP). Accordingly, HII will issue a maximum of 1,392,500 ESOP shares, the total value of per value is VND 13,925,000,000, with 5% release rate. The issue objects are the company’s employees, to recognize their contribution, as a basis for their long-lasting staying with the company. Issue price is VND 10,000 / share. The total capital raised is expected to be VND 13,925,000,000 to supplement its working capital. These ESOP shares will be restricted for transfer within 01 year. The number of shares that are not purchased will be decided by Board of Directors to sell to other employees within the company. Besides the issues above, the meeting also approved other important decisions according to the report submitted to Board of Directors, as well as passing the election of an additional member Board of Directors, Mr. Doan Minh Duc, with a 4-year term, and Ms. Nguyen Thi Huyen for Supervisory Board, with a 5-year term. The HII 2019 Annual Shareholder Meeting was successfully organized!
On April 16, An Phat Plastic and Green Environment JSC (An Phat Plastic – Hose: AAA) successfully organized the 2019 annual shareholder meeting at the company’s head office – Lot CN11 + CN12, An Dong industrial cluster, TT Nam Sach, Hai Duong.
The meeting summarized the activities in 2018 and approved the 2019 business plan, as well as the contents in proposals and reports related to the activities and operation of the Company
2018 revenue reached VND 8,011 billion, exceeding VND 2,000 billion compared to the plan of 2018 General Meeting of Shareholders. AAA aims to reach VND 6,000 billion in revenue and VND 330 billion in profit. Business results, in 2018, the company achieved VND 8,011 billion in revenue, exceeding 33.51% of the year plan. Profit after tax of 180 billion VND reached 54.55% compared to the plan.
Revenue in 2018 grew strongly and surpassed the main target of expanding production and business activities, trade activities were strengthened, boosting market dominance with the increase of operating capacity of the two Packaging factory: Factory No. 6 and No. 7, factory producing Calbest and stone powder.
However, the target of profit after tax decreased compared to the same period last year and temporarily did not meet the business plan. The reason is that a number of important commercial contracts with domestic partners have been implemented slowly compared to the set plan and must be postponed to 2019, the second reason is that AAA strengthens the search for new markets, so In the past year, although the price of raw materials increased, the Company did not increase the price of many products in order to maintain price stability and expand the customer network. Besides, AAA has promoted investment in a key project of An Phat High-tech Industrial Park (An Phat Complex) in 2018, so it has not been immediately generated profit.
In general, in 2018, AAA invested to create a stepping stone to prepare for a strong growth cycle in revenue and profit in 2019.
Strong growth forecast in 2019
In 2019, AAA will reach VND 10,000 billion of consolidated revenue and VND 510 billion of consolidated after-tax profit. Expected dividend rate from 10% – 20% in cash for shareholders.
In addition to continuing to improve production, the Company continues to upgrade comprehensively, reaching an international level in all areas of operation. Specifically: Scale: Continue to invest and complete the infrastructure of An Phat High-tech Industrial
Park, reaching the exploitation rate of 40% for 2019. The company continues to invest in machinery, lines, and expand production at the AAA factory. Investing in the construction of a US-based factory specializing in packaging and environmentally friendly plastic products.
Promote the development of supporting plastics industry, including factories producing architectural plastic materials, engineering plastics, bio-plastics, industrial textile packaging, etc.
Regarding the quality of products and services: AAA focuses on producing high-tech, environmentally friendly plastic products, increasing the capacity of compostable bags AnEco and product lines in AnEco chain such as knives, spoons, forks, paper cups, iron, etc., capable of self-decomposing without polluting the environment.
Regarding governance, the Board of Directors will continue to improve and improve the quality of internal management.
Issuing 8.5 million ESOP shares to employees
The AGM also approved a plan to issue shares under the Employee Selection Program (ESOP). Accordingly, AAA will issue a maximum of 8,500,000 ESOP shares, total issuance value of VND85 billion at the Issuing rate 4.96%.
Subjects of issuing are employees of the company in order to recognize the contribution of employees at the company, as a long-term foundation and sustainable development with the company. Issuing price is 10,000 VND / share. Total capital is expected to reach VND 85 billion, which will be used to supplement working capital for the company. These ESOP shares will be restricted for transfer within 01 year. The number of shares not registered to buy will be decided by the Board of Directors to continue offering to other employees in the company.
Change the name of the Company to An Phat Bio Plastics Joint Stock Company The AGM approved the change of the Company’s name according to the following contents:
Current business name: Vietnamese name: An Phat Plastic and Green Environment Joint Stock Company
English name: An Phat Plastic & Green Environment Joint Stock Company
Abbreviated name: AnPhat., Jsc
New name:
– Vietnamese name: An Phat Green Plastic Joint Stock Company
– English name: An Phat Bio Plastics Joint Stock Company
– Abbreviated name: An Phat Bioplastics
This name change aims to match the new development strategy of the Company to bring the most sustainable values to customers and investors .
On March 28, 2018, the US Department of Commerce announced the initiation of anti-dumping duty (AD) and countervailing duty (CVD) investigations on imports of laminated woven sacks made of one or more plies of fabric consisting of woven polypropylene strip and/or woven polyethylene strip from the Socialist Republic of Vietnam (Vietnam). The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before April 23, 2018.
The merchandises covered by these investigations are laminated woven sacks made of one or more plies of fabric consisting of woven polypropylene strip and/or woven polyethylene strip with HS codes namely 6305.33.0040, 3917.39.0050, 3921.90.1100, 3921.90.1500, 3923.21.0080, 3923.21.0095, 3923.29.0000, 4601.99.0500, 4601.99.9000, 4602.90.0000 and 5903.90.2500. These products are not in AAA’s current focus or in AAA’s expansion plan. Additionally, our key export markets are EU and Japan. Although we plan to expand exports to the US market in near future, the expected export items do not fall into the investigated product list. Hence, we can confirm that there is no impact from these investigations on AAA’s business in 2017.
Established as a small-scale business, after only 15 years of development, currently AAA’s total capacity of seven factories has reached 8000 tons/month, making us the No. 1 in Southeast Asia for plastic packaging manufacturing. However, we will not stop there, our objective for the coming periods is to maintain growing momentum, achieving 1 billion US dollars revenues by 2025, expanding environmental friendly products, creating sustainability for society and enhancing value for shareholders.
In March 2018, AAA was granted the Certificate of stock issuance registration and in April AAA has been completing the procedures to increase contributed capital for investing in laminated packaging and high-tech injection molding factory. These products are expected to earn higher profit margins than current ones, contributing to sales and profit growth of AAA in coming years. Considering the potential of upcoming projects, in 2018 AAA confidently set a high growth target with sales of VND6,000 billion and after-tax profit of VND330 billion, up 47% and 25.5% respectively compared to 2017’s results.
In trading sections of the 3th and 4th of April, AAA’s price jumped back after falling sharply for a series of six sessions. The stock price increased by over 17% and closed on the 4th of April at VND26,500. The rebound of the stock price showed a more optimistic view of investors on such undervalued stock having a good fundamental story.
Becoming a second-tier vendor of Samsung is the sweet fruit of more than one year of non-stop efforts to restructure An Phat Holdings, and will become the basis to realise its ambition to become the Southeast Asia’s leading high-tech plastics manufacturer.
Mr. Cho Chang Hyun, General Director of Elentec Vietnam, and Mr. Man Chi Trung, General Director of An Trung Industries, signed the contract
The sweet fruits of massive efforts
On March 31, An Trung Industries Joint Stock Company, a subsidiary of An Phat Holdings, signed a contract with Elentec Vietnam Co., Ltd. (which is a mobile phone plastic component supplier for Samsung) to become the latter’s second-tier vendor.
According to the contract, An Trung Industries has been supplying plastic components for Elentec since March 2019. These components will be installed on Samsung mobile phones, contributing to bringing “Made in Vietnam” products to customers all over the world.
In order to get this achievement, An Trung Industries had to restructure its operations and invest in technology and human resources to meet the strict requirements of its partner on quality, price, and timely delivery. The company invested VND400 billion ($17.4 million) to develop a 13,000 square metre plant with 42 manufacturing lines imported from Japan and South Korea.
Mr. Man Chi Trung, General Director of An Trung Industries, said, “We had to redouble our efforts to become a vendor for Samsung, which is the world’s leading mobile phone manufacturer with very strict quality requirements.”
The result shows that An Trung Industries’ products satisfy the global standards that Samsung issued for its vendors. It also means that the company’s products are of a similar quality to products manufactured in South Korea, Japan, and Europe.
Representatives of the two parties at the signing ceremony
Mr. Cho Chang Hyun, General Director of Elentec Vietnam, said, “We highly appreciated An Phat Holdings’ investment in An Trung that enabled An Trung to obtain this achievement.”
At present, An Trung Industries is focusing on manufacturing technical plastic components with a capacity of 9 million products per month. Along with Samsung, the company is a partner to 10 other large-scale enterprises operating in the electronics and power sectors.
The company plans to add coating and plating technology lines in order to meet its partners’ requirements.
Ambition to become the leader in plastic supporting industry
In Vietnam, the number of plastic manufacturers is very large. However, most of them specialise in manufacturing household plastic items and only a few enterprises produce plastic to support industrial production due to barriers in investment capital and technology.
Meanwhile, the supporting industry appeared in Vietnam over 20 years ago, after multi-national groups like Honda and Toyota opened their first plants and started looking for local vendors in order to save time and expenses.
In reality, more and more enterprises appear on the selection lists of these large groups, especially Samsung, every year, but only a few can make it into the last selection round.
In Samsung’s case, the corporation assigns experts to nominee enterprises to advise and help them to improve their manufacturing capacity and management processes. At the final round, General Director of Samsung will visit the enterprises to decide whether they can become a vendor. Numerous local enterprises were rejected from the final list because they failed to live up to Samsung’s requirements.
Local enterprises have to improve massively to become vendors for large groups, but more and more are willing to try as they get fruitful results if they succeed. Notably, they will have the opportunity to receive technology transfer and access to the global supply chains. Besides, their brands will be more famous and they will be able to have more large customers.
In An Phat Holdings’ case, the company took advantage of being a leading plastic manufacturer in Vietnam and Southeast Asia to expand its operation. In 2018, the company purchased Hanoi Plastic JSC (HPC) and entered into a co-operation with VinFast to establish VinFast-An Phat (VAPA) Ltd. In addition, the company expanded its investment in An Trung Industries.
Via HPC, An Phat Holdings can take advantage of HPC’s customer base which includes Toyota, Honda, and Piaggio to expand operations. Besides, HPC’s advantage in manufacturing components for automobiles, scooters, and electronic will help An Phat Holdings realise its ambition to set its foot in the supporting industry.
VAPA is a joint venture with VinFast, thus, it will contribute to dealing with the consumption for An Phat Holdings’ products. Finally, An Trung Industries becoming the second-tier vendor for Samsung helped An Phat Holdings affirm its brand in the market, while simultaneously providing an opportunity for the company to continue expanding its operations.
After a review on the operations of An Phat Holdings in the past year, it is easy to see that the general strategy of the company in the supporting industry is investing, expanding operations, and increasing its valuation via becoming a vendor for large groups.
Mr. Dinh Xuan Cuong, CEO of An Phat Holdings affirmed that An Trung Industries and HPC will be the two “key cards” to help the company establish a solid foothold in the supporting industry.
An Phat Plastic and Plastic Joint Stock Company (AAA / An Phat Plastic JSC) has officially put business and product information into the international online business directory through successful registration into the Data Universal Numbering System – DUNS® with code 555340400.
On the first days of 2019, An Phat Plastic JSC has completed profile and become one of the newest members on DUNS® by Dun & Bradstreet in Vietnam confirmed. By this event, AAA has gone a further step to integrate into the world market, especially in Europe – America countries which always require businesses to have DUNS® codes. as a passport to make cooperative business decisions.
DUNS® is the Data Universal Numbering System established exclusively and evaluated by Dun & Bradstreet (D&B, USA), a leading US company that provides in-depth and classified information. ranking for groups and enterprises. The D-U-N-S® number is a unique 9-digit number assigned to each business and recognized as a common standard for identifying enterprises in all over the world.
Currently, many businesses in the world are using D-U-N-S® codes of Dun & Bradstreet Company (D&B, USA) as a solution for globalization. DUNS® codes help businesses validate the existence and operation of their own businesses, as well as provide the official business data that allows partners to search and learn about businesses including geographic location, company address, business structure and financial transparency information. In many cases, DUNS® codes are a tool to provide businesses with a comprehensive picture of risks and opportunities in cooperation relationships so that businesses can make important decisions.
An Phat Plastic JSC has passed the evaluation procedures by D&B and officially presented information on this system that not only confirm strength of the leading plastic bag manufacturer in Vietnam and Southeast Asia but also create new opportunities to develop market share in the international market and cooperation development with foreign partners through online interaction on the system. Now the global partners can actively look for information and connect with AAA through Duns & Brandstreest Vietnam’s online business directory via the website: http://dunsregistered.com/ or click on the icon- DUNS Registered on AAA’s website: http://www.anphatplastic.com/ (left corner at the bottom of the homepage)
For nearly two centuries, Dun & Bradstreet has helped customers and partners accelerate growth and improve performance through the power of data and analytics. Our nearly 5,000 employees around the world are dedicated to this unique purpose, and we are guided by important values that make us the established leader in commercial data and insight.
The environmentally-friendly packaging factory of An Phat Holdings JSC is expected to be put into operation in the first quarter of 2020 to deliver products to the northern US area.
On January 31, 2019, An Phat Holdings JSC (code: APH) received the high-level delegation of the US Embassy in Vietnam, including Eric Hsu (commercial counsellor), Ton That Tuan, and Tuyet Tress, visiting An Phat Plastic and Green Environment JSC (An Phat Plastic), a subsidiary producing plastic thin film packaging.
APH has been strengthening business and affairs in the US recently. Accordingly, APH will develop a factory to produce environmentally-friendly packaging in the country, namely An Phat USA. The factory is expected to be put into operation in the first quarter of 2020 and deliver products around the northern US first.
An Phat Plastic welcoming the US Embassy delegation
The products of An Phat US contain biodegradable microcomputer bags, PE bags, and other environment-friendly plastic items. The factory will apply high-technology, synchronous automation, and optimise capacity through 300 modern machines.
This move is part of the strategy of expanding and developing APH’s global market, as well as show the group’s determination to become a leading group of high-quality and environmentally friendly plastic products in Southeast Asia.
An Phat Plastic’s chairman Pham Anh Duong introducing some of the company’s products
APH’s plastic thin film packaging is now present in more than 100 countries and regions over the world, including fastidious and demanding markets like Japan, the US, and the EU. Especially, biodegradable microcomputer bag AnEco has been highly appreciated by customers over the world. Developing a new factory in the US will enable APH to approach global customers with environmentally friendly and affordable products.
Also during the visit to An Phat Plastic, Eric Hsu, commercial counsellor, and Pham Anh Duong, chairman of APH, discussed the business opportunities of APH in US. Eric Hsu highlighted APH’s efforts in developing its business network across international markets, particularly in the US, which will strengthen trade exchange and the socioeconomic development of the two countries.
Eric Hsu reviewing some products of An Phat Plastic
APH is a leading company in the field of advanced technology and environmentally friendly plastic production in Southeast Asia. With 11 member companies, two of which have been listed on the stock market in Vietnam, focusing on the sectors of environment-friendly plastic bags, high-tech plastic resin, chemical and plastic additives, and plastic inputs, the company set the target of $1 billion in revenue by 2025.
Along with the world trend to shift the consumption of high-tech plastic products to replace normal ones, APH has poured so much into R&D and upgraded machines to produce environmentally friendly products. AnEco has achieved numerous international certificates for its “clean” and “green” products.
The company is also planning to develop a self-destructive fork and knife manufacturing factory in Vietnam, contributing to protecting the environment and the Earth.
