An Phat Bioplastic JSC sincerely inform about the 28th changing of company business license issued by Hai Duong Department of Planning and Investment as below:
– Previous name: An Phat Plastic and Green Environment Joint Stock Company
– Current name: An Phat Bioplastics Joint Stock Company
– Short name: An Phat Bioplastics., JSC
To view the Company Business License, please click here
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.
On April 4, 2019, President of Toyota Vietnam, Mr. Toru Kinoshita and other managements such as Finance Director, Purchasing Director … paid a working visit to Ha Noi Plastic Joint Stock Company (HPC), a member of An Phat Holdings.
Senior management representative of An Phat Holdings and all HPC’s BoD were attended and welcome Toyota Vietnam leaders. The visit and work of Toyota Vietnam’s delegates was a part of supporting program on management and production organization since 2018 for HPC. Under this program, HPC has carried out Dandori (quick mold installation) and Tei-Tei (arranging production on a continuous machine according to plastic type and keep rotating the same principles base on Toyota’s global production principles) to organize scientific production and reduce production costs to the level the shortest.
Currently, Toyota Vietnam is one of HPC’s largest customers.
At the meeting today, the representative of An Phat Holdings and HPC presented the improvements that HPC has applied under the program as well as achievements in production and organizational management.
Mr. Toru Kinoshita highly appreciated the efforts and innovation of all HPC employees. Mr. Kinoshita said that during this visit, he saw clearly the positive changes of HPC compared to 1 year ago, thanks to the spirit of changing and the serious investment of An Phat Holdings since officially owned HPC as a member company.
Representative of HPC, Chairman Bui Minh Hai committed to maintain and further improve to match with Toyota target so that 2 companies can speed up the localization strategy.
Toyota Vietnam and HPC have good cooperation during last decade
– 2010, the number of product was only 01 part.
– 2018, the number of product increased impressively to 30 parts.
– 2019, forecast numbers still continue to increase with strong intention from An Phat Holdings and plastic supporting industry
Certainly, with the new orientation of An Phat Holdings, Hanoi Plastic will have more achievements in meeting the increasing requirements of Toyota Vietnam in particular and other customers in general.
To: Shareholder!
An Phat Plastic and Green Environment Joint Stock Company (Head office – Lot CN11 + CN12, An Dong Industrial Park, Nam Sach Town, Nam Sach District, Hai Duong Province; Business registration No. 0800373586 26th issued by Hai Duong Department of Planning and Investment dated September 24th 2018; Ticker: AAA) would like to invite Shareholder to attend 2019 Annual Shareholders’ General Meeting (AGM), details of the AGM are as follows:
Lot CN11 + CN12, An Dong Industrial Park, Nam Sach Town, Nam Sach District, Hai Duong Province.
Please Click here to check full Meeting Invitation.
Documents for the meeting please download here.
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.
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.
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.
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)