Tan Tuong Khang Manufacturing Trading Services Co., Ltd (Vietnam)

The subject specializes in manufacturing various kinds of plastic product with the main product of drinking straws. Besides, the company also produces other kinds of product such as plant pot, thermoforming tray, plastic lid & cup, body & refill ballpoint, balloon stick, rubber band… The subject imports materials (like plastic resins...) and automatic cutting machine from many countries to serve production. Finished products are not only consumed in domestic market but also exported to foreign markets for consumption.Based on press information, plastics industry faced with a burden in input costs, especially when many companies depend up to 65% - 85% imported materials in 2021. The interruption in supply chain and a rise in freight charges (caused by Covid-19 pandemic) could shrink operating profit margin of businesses in that year.During 4th resurgence of pandemic, the subject's workers worked at factory site according to “three on the spot” measure. Staff of office departments worked from home. In latest interview, as confirmed, the subject has returned to normal operation with stable workforce.