Vietnam Ministry of Industry and Trade just announced the list of “Reliable Exporters” in 2019, on the basis of voting and recommendation of the concerned agencies. Accordingly, An Tien Industries (Ticker symbol: HII) was honored to be voted as a reliable Vietnamese exporter, making great contributions to the export growth of the country. Moreover, among the 10 plastic enterprises announced in the list, two members of An Phat Holdings: An Phat Bioplastics and An Tien Industries won awards.
Following by, enterprises are selected on the basis of criteria specified by the Ministry of Industry and Trade on minimum export turnover, 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.
Currently, An Tien Industries has a CACO3 factory with a design capacity of 222,000 tons per year and a plastic additive factory with a design capacity of 150,000 tons per year. In 2019, the production of stone powder and additives in 2019 reached 95,700 tons, equivalent to about 64% of the factory’s maximum capacity.
In 2020, An Tien Industries sets targets of reaching VND 3,300 billion of consolidated revenue and VND 60 billion of consolidated profit after tax, equivalent to an increase of 11 percent compared to 2019. At the same time, An Tien Industries will continue to invest in machinery, production lines, expanding production, focusing on upgrading the production of technical plastic materials, implementing joint ventures to make intermediate and high-end products.
The publication of the list of Reliable Exporters is an annual activity of the Vietnam Ministry of Industry and Trade to encourage and support Vietnamese enterprises to boost exports and expand markets, especially when Vietnam has joined into a series of free trade agreements.
