Srithai (Vietnam) Company Limited (Vietnam)

Being wholly invested by Srithai Superware Public Company Limited, the subject - Srithai ( Vietnam) Company Limited specializes in processing, manufacturing, and trading industrial plastic products, "Superware" tableware, and beverage packaging (PET bottle preforms and caps)... Products are distributed through a system of agents and e-commerce sites such as Lazada, and Shopee... In addition to the domestic market, the subject's products are also exported to USA, Thailand, and China for consumption.According to Mr. Ho Duc Lam - Chairman of Vietnam Plastics Association (VPA), the growth rate of Vietnam's plastic industry has slowed down since the end of 2022 in the context of the global economic downturn. On a more positive side, inventories in major import markets of Vietnamese plastic products have shown signs of a decrease, so VPA expects that the consumption of Vietnamese plastic products will improve in the last months of 2023 and even in the first months of 2024. In another forecast, plastic industry companies are still under certain pressure due to rising input costs when 70% of raw materials are still dependent on imports. In 2024, plastic raw material prices may be affected in parallel with crude oil prices. Accordingly, crude oil prices are predicted to continue at high levels because of supply cuts from OPEC+ countries and the risk of the Israel-Hamas conflict, affecting plastic resin prices.