On June 24th, 2021, Minister of Industry and Trade Nguyen Hong Dien; Deputy Minister of Science and Technology Tran Van Tung; Secretary of the Party Committee of Hai Duong province Pham Xuan Thang, and leaders of departments and the province paid a visit to the headquarter of An Phat Holdings (An Phat Bioplastics factory, An Dong industrial cluster, Hai Duong). During the visit, leaders of the Ministries and Hai Duong province highly evaluated and praised An Phat Holdings for its innovation to ensure safety for production and business activities during the Covid-19 pandemic.
Welcoming the delegation of leaders of Ministries and province, on behalf of An Phat Holdings, there were Mr. Dinh Xuan Cuong – Vice Chairman, Chief Executive Officer, and other Group leaders.
In 2021, facing negative impacts caused by Covid-19 pandemic, An Phat Holdings still achieved a stable growth rate. In which, An Phat Holdings’ member companies had achieved positive results in the first quarter of 2021 such as An Phat Bioplastics JSC (Ticker symbol: AAA) recorded consolidated revenue of VND 2,284 billion (~$ 97 million), profit after tax reached VND 90 billion, increase by 45% and 43% respectively over the same period in 2020. It is expected that in the second quarter, AAA will complete nearly 40% of the plan, in which AAA’s profit comes from three segments: industrial real estate, packaging, and compostable product.
An Tien Industries JSC (Ticker symbol: HII) reported impressive consolidated revenue, reaching VND 1,282 billion (~$ 54.6 million), and profit after tax reaching VND 29.5 billion (~1.3 million) in the first quarter of 2021, up 61% and 286% respectively over the same period in 2020. The company’s positive business results are driven by improving efficiency in the production of plastic additives and plastic resin trade.
In the field of engineering plastics, precision engineering and molding, Hanoi Plastics JSC (Ticker Symbol: NHH) reported consolidated revenue in the first quarter of 2021 reached VND 492 billion (~$ 21 million), increased by 90% compared to the same period in 2020, profit after tax reached VND 12 billion (~$ 510.638), increased 36% over the same period in 2020.
The interior plastic segment also achieved many positive results when the export market expanded, the number of orders in the first half of 2021 increased sharply compared to 2020.
The year 2021 also marks a significant milestone for An Phat Holdings as the Group promotes the implementation of many projects, especially is urgently preparing to start construction of the largest green material manufacturing plant (PBAT An Phat) in Southeast Asia. With a capacity of 30,000 tons per year, the project will meet the demand for green materials for the Group’s member companies and export markets. With this project, An Phat Holdings will become one of the few suppliers of green materials globally, directly contributing to reducing the price of green products.
In addition, the An Phat Complex and An Phat 1 Industrial Park are receiving positive signals from domestic and foreign investors. Previously, in February 2021, An Phat 1 was approved by the Government to invest in the project “Developing infrastructure of An Phat 1 Industrial Park” with an area of 180ha in phase 1. When it comes into operation, the industrial park is expected to attract 50-70 manufacturing plants, create jobs for about 12,000 workers, and reach a 100% occupancy rate by 2024. Currently, An Phat 1 is in the clearance process to prepare for construction in the third quarter of 2021. It is expected that the industrial park will come into operation and commercial exploitation from the fourth quarter of 2021. The industrial real estate segment is also expected to become a major revenue driver for An Phat Holdings in 2021.
Along with production and business activities, in the complicated context of epidemic developments in Vietnam and with the operating principle of “Safety for production, safety for workers”, An Phat Holdings has been fiercely in disease prevention and control. Up till now, all production and business activities of 15 member companies, 10 factories with more than 5,000 employees are absolutely safe.
Besides, An Phat Holdings understands that the cooperation of the whole community is indispensable to develop sustainably. The Group has responded to the Government’s call to mobilize socialization resources for the vaccine strategy, donating VND 20 billion (~$ 851,000) for the Government to buy Covid-19 vaccine.
In the second half of 2021, An Phat Holdings will continue to put all efforts to achieve business goals. Along with business tasks, the Group also has a specific plan for the prevention and control of the Covid-19 epidemic, aiming to vaccinate all Group’s employees.
The key strategy of An Phat Holdings in the next 3-5 years is to maintain growth and enhance its position by focusing on the fields of green materials, industrial real estate and supporting industry, precision mechanics and molds.
Also, at An Phat Bioplastics factory, the leaders of the Ministry of Industry and Trade, the Ministry of Science and Technology, leaders of Hai Duong province and An Phat Holdings planted trees to mark this occasion.
Some images at the event:
