An Phat Holdings eyes target of 1 billion USD in revenue by 2025
An Phat Holdings (APH) has set a revenue target of 1 billion USD by 2025, becoming a leading producer of hi-tech and environmentally friendly plastic products in Southeast Asia.
A production line of An Phat Holdings (Photo: //anphatbioplastics.com/)
Hanoi (VNA) – An Phat Holdings (APH) has set a revenue target of 1 billion USD by2025, becoming a leading producer of hi-tech and environmentally friendlyplastic products in Southeast Asia.
According to Deputy General Director Pham Do Duy Cuong, with many subsidiaries operatingin the plastic industry, An Phat Holdings has so far exported its products to nearly70 countries in Europe, America, the United Arab Emirates (UAE),Japan, the Republic of Korea, Singapore, and Taiwan (China), and thePhilippines.
Notably, An Phat Holdings is currently thelargest producer and exporter of packaging film in Southeast Asia. It alsopartners with many multinational companies operating in supportingindustry, including Honda, Toyota, Samsung, Piaggio, and LG Electronics.
The firm is also a prestigious trader of plastic resin and exporter of plasticadditives and hi-quality interior plastic products.
APH operates mainly in the fields ofcompletely biodegradable products and materials, packaging, engineering andinterior plastics, precision engineering and moulds, materials and chemicals inthe plastic industry and real estate.
It is one of the few enterprises in the world that hassuccessfully produced AnEco biodegradable bags meeting international standards.
Last year, APH’s consolidated revenue andafter-tax profit reached 9.5 trillion VND and 712 billion VND, respectively,representing 19 percent and 305 percent year-on-year increases. Its totalassets reached nearly 10 trillion VND./.
The International Finance Corporation (IFC) recently announced its cooperation with An Phat Holdings (APH) and an expected investment of 20 million USD to fund APH’s first compostable material manufacturing plant in Vietnam and the largest of its kind in Southeast Asia.
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A production line of An Phat Holdings (Photo: //anphatbioplastics.com/) 
