Liwen Company Limited (Vietnam)

The subject is considered as a member of TPPC Group. This group was established in 1918 in Taiwan. Besides subject, it has invested into other companies in Vietnam including GIA PHU PACKAGING CO., LTD (paper field); JI PHU PAPER COMPANY LIMITED (paper field); MINH PHU CORPORATION LTD (paper field); HOA VIET JOINT VENTURE CORP., LTD (Vietnam Golf & Country Club).The subject specializes in manufacturing carton containers. The import markets are China, Taiwan, Singapore, Hong Kong, etc. Besides the domestic market, its products are exported to Cambodia, Hong Kong, Taiwan, and so on.According to Mr. Dang Van Son, Vice President and General Secretary of VPPA, about 90% of the output of the domestic paper industry is common packaging paper products for industrial production. The representative of VPPA said that from September 2022 to now, paper industry enterprises have faced many difficulties in output. The reason is that the paper industry is currently an auxiliary industry for most of the export production fields, so when these industries such as footwear, textiles, furniture, ... are affected and the decrease in orders, it has led to a decline in paper packaging consumption.According to VPPA's estimates, many enterprises are currently operating at only about 50%-60% of their designed capacity to maintain production. Mr. Son predicts that in 2023, the operation situation of enterprises in the industry will be even more difficult because Vietnam's manufacturing industries are declining.