Being founded in 2003, the subject specializes in manufacturing art candles. It has factories at Cai Lan and Viet Hung Industrial Parks in Quang Ninh Province. Materials for production are imported from China, Malaysia, Singapore, and the USA. The output products are totally exported, mainly to the USA, and the EU.According to the Head of Administration, thanks to receiving many new orders for replacing suppliers in China and India temporarily suspended productions due to the Covid Pandemic, the subject's net revenue was boosted to a peak of VND 2.811 trillion in 2021, up by 57.85% against 2020. However, because of skyrocketing freight rates and reduced market demands for art candles due to the post-Covid economic recession, the company received fewer export orders from mid-2022 to mid-2023. Accordingly, in 2022, its net sales suffered a 36% decrease, to VND 1.799 trillion. In addition, the firm recorded VND 1.784 trillion of net revenue for the FYE 31 Dec 2023, similar to the value achieved in the previous year.
Headquarters
Cai Lan Industrial Park, Gieng Day Ward
Ha Long; North Eastern Vietnam;
Postal Code: 01000-02000
Contact Details: Purchase the Aidi Vietnam Candles Arts & Crafts Company Limited report to view the information.
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