An Phat Plastic and Green Environment JSC (AAA) is Southeast Asia’s number one enterprise in manufacturing thin-film plastic packaging with a total capacity of 8,000 tons of products / month. Not only exported to Japan and Europe, recently AAA has provided compostable AnEco bags to Vinmart supermarkets. With a growth business, AAA has maintained a strong breakthrough for many years. Recently, Mr. Nguyen Le Trung – General Director of AAA has shared with us about the business results of 2018 as well as the business plan of the next year.
“… Currently AAA is going in the right direction and we are using the right investment source. Long-term projects require a certain amount of investment and time to get good results and in the near future, AAA’s profits will grow strongly again. In 2019, we aim for AAA’s consolidated revenue target of VND 7,900 billion and net profit of VND 510 billion. ”
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As you know, there are a lot of products on the market now labeled with “bio compostable bags”, but it is still unclear between the concept of decomposition and decay into microplastics.
Below are the most specific concepts about the “bio compostable” standards that the world follows, and you can be assured of the quality when seeing these standards:
• Biogradable Product institute (BPI): The product will safely decompose under the separate industrial composting conditions.
• European Bioplastic: The product will safely decompose under the separate industrial composting conditions.
• Vincotte OK bio based: The product is made from plants, without assuring of decomposition.
• Vincotte OK compost: The product will safely decompose under the separate industrial composting conditions.
• Vincotte OK compost HOME: The product will decompose under home composting.
• Vincotte OK biodegradable SOIL: The product will decompose when buried in the ground.
• Vincotte OK biodegradable WATER: The product will decompose in water (without assuring of decomposition under seawater).
For the final product, as in this case, a bio compostable bag, the input materials must satisfy the standards above, of which the two most widely used types of bio compostable plastics are PLA and PBAT. An Phat’s “bio compostable bags” are made from Ecovio materials of BASF and Mater-Bi – the world’s largest chemical groups from Germany, Novamont respectively.
Ecovio is a compound of both PLA-PBAT, ensuring smooth and softness. Mater-Bi, meanwhile, is primarily a PBAT resin extracted from non-GMO corn starch and vegetable oil, grown in Europe wiht conventional agricultural methods. Most importantly, both of those ingredients are certified with Vincotte OK compost HOME.
With the information above, you are assured of the quality of An Phat’s bio compostable bags, by using these bags, you have make a great contribution to the environmental protection!
Refer:
http://www.okcompost.be/en/home/
https://pure.tue.nl/ws/files/3048453/712662.pdf
http://materbi.com/en/use-of-renewable-resources/
http://www.okcompost.be/data/pdf-document/Doc-09e-a-Requirements-of-norm-EN-13432.pdf
In response to the campaigne “Make the World Cleaner” in 2018, the Ministry of Natural Resources and Environment has hosted “Anti-plastic Waste Program”. Ms. Nguyen Le Hang – Deputy General Director of An Phat Holdings (APH), on behalf of more than 2,500 employees made a commitment to Deputy Minister of Natural Resources and Environment in propagating and disseminating policies to encourage consumers to limit their usage of nilon bags and disposable plastic products.
AnEco bio compostable bags are made from two main materials: biodegradable materials and Eco vio granules. Thanks to features of these two materials, AnEco products, when released to the environment, will decompose by soil microorganisms within 6 months. The final decomposition substance produces water, C02 gas and compost, which is beneficial for plants and people. AnEco bio compostable bags are now exported to European countries with an output of 8000 tons / month. An Phat Holdings hopes that those products can contribute to solving environmental issues in both Vietnam and in the region. In the coming time, besides AnEco bio compostable bags, An Phat Holdings continues to research and produce bio compostable products such as knives, forks, spoons, cups … to replace products made from recycled plastic.
For many years, the care and nurturing of Vietnamese Heroic Mothers has always been of special attention to all sectors, businesses, unions and people of Nam Sach district, Hai Duong province. It is the responsibility, showing deep gratitude for Heroie Mothers’ great sacrifice and dedication to the national revolution and liberation. Demonstrating the tradition that when you drink water, think of its source, expressing gratefulness to the heroic martyrs of Nam Sach people in particular and the entire Vietnamese people in general. As part of traditional ethnic education activities, on the occasion of the 71st anniversary of the War Invalids and Martyrs’ Day (July 27, 1947 – July 27, 2018), the Youth Union of An Phat Plastic cooperated with Trade Union Executive Committee paying visits and giving gifts to 4 Vietnamese Heroic Mothers in Nam Sach district, who are monthly reported by the company.
Mr. Duong Xuan Ty – Secretary of the Party Committee, representative of An Phat lit incense on the remains of heroic martyrs, commemorating the selfless sacrifices of the father’s generation. At the same time, the delegation cared about their health, encouraged their spirit, expressed gratitude to Mothers for the noble sacrifices. The representative also kindly encouraged mothers to live happily and healthily, being good examples for young generations to follow. This is a very practical job, an activity to express gratitude to those families, showing the spirit of “eating fruit and remembering planters”, sending care and responsibility of An Phat’s employees to the relatives of the heroes who sacrificed to defend their country.
Since 2017, with the approval of the Department of Labor, Invalids and Social Affairs of Nam Sach district, the support of the Fatherland Front Committee of Nam Sach district, An Phat monthly has provided monthly aid to heroic mothers in the area. With love, care, responsibility, and the morality that “when you drink water, think of its source”, the mothers’ lifelong support not only carries a humane meaning but also shows our respect for the father’s generation’s sacrifice for the national independence and freedom. This is of a meaningful action, which not only helps improve the quality of life of Vietnamese Heroic Mothers, but also expresses the responsibility and deep gratitude of An Phat for its continuous effort to create value for community and society.
An Phat Plastic and Green Environment Joint Stock Company (Ticker: AAA) has just announced the results of exercising the right to buy additional shares in AAA’ share offering in April. The investors have registered and paid to buy 82 million shares issued, equivalent to 98.2% of the shares offered. AAA’s BOD also announced plans to distribute shares not yet fully sold. Thus, AAA has successfully raised VND1,170 billion in stock market for expanding business activities in coming periods.
Thanks to this share offering, AAA has raised its market capitalization to nearly VND3,300 billion (equivalent to nearly USD150 million), which enables AAA to meet the requirements to be in the portfolio of stocks that foreign ETF funds invest in Vietnam. Recently, there have been numerous foreign investors who are interested in AAA and have increased their ownership in AAA. The current room for foreign ownership in AAA is estimated at over 25%, which surely is a factor attracting investment flows from outside Vietnam and interested in AAA.
Due to its core business of exporting of mono layer packaging for large suppliers in Europe, Japan, US,…AAA has not had much opportunity to promote its image to the global financial market. In order to enhance AAA’s position as the largest mono-layer packaging manufacturer in Southeast Asia and introduce the opportunity to invest in AAA to foreign investors, recently AAA has attended various investor forums for emerging and frontier markets in Dubai, Bangkok and the latest in Colombo, Sri Lanka. In Colombo, AAA participated in private meeting with 12 investment funds from EU, UK and Japan… namely FundSmith (EUR 14 billion), Lazard Asset Management (USD 226.1 billion), Nordea (EUR 216.5 billion) ), Sumitomo Mitsui Asset Management ($ 102 billion), … to help investors better understand AAA’s business strategy as well as growth potential.
Not only does AAA seek for new potential foreign investors, it also takes into account the benefits of existing shareholders by maintaining favorable cash dividend policy. Despite continuous increase in capital expenditure for business expansion (operating the No.6 Factory in 2016, the No.7 Factory in 2017 and No.8 and No.9 Factory later), AAA has strived to maintain a cash dividend of VND2,000 per share and produce an attractive dividend yield of over 10% per share.
Targeting maximizing shareholders’ benefits, the company has accomplished its every ambitious plan since listed. In 2018, AAA aims to reach consolidated sales of VND6,000 billion and consolidated net profit of VND330 billion. AAA’s General Director, Mr. Nguyen Le Trung, was confident in AAA’s ability to complete the business plan in 2018 and ensure the cash dividend payment as planned by the 2018 General Meeting of Shareholders. The core business of mono-layer packaging for AAA continued to show strong growth in the first quarter of 2018, with sales up 40% yoy and stable gross profit margin.
Starting as a VND500 million company, after only 15 years under the leadership of three founders namely Mr. Pham Anh Duong, Mr. Nguyen Le Trung and Mr. Pham Hoang Viet, AAA has made impressive growth with total assets of nearly VND5,000 billion for the time being. Also, AAA is one of the few private enterprises that contribute significantly to Vietnam’s export activities, provide foreign exchange inflow, generate stable employment for more than 2,000 employees and provide income for the local government. Not to be overwhelmed by its achievements, AAA has set an ambitious goal of $1 billion of sales by 2025 through expanding business activities to higher value-added and environmentally friendly products, making AAA the largest eco-friendly plastic manufacturer in Vietnam and the region.
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