Tien Phat Advanced New Materials Company Limited (Vietnam)

The subject was established in 2018 in Hung Yen province, Vietnam as a member of HUZHOU UNIFY DECORATION MATERIALS CO., LTD from China. It specializes in manufacturing PVC and SPC floorings. At first, it was named LOI DAT ADVANCED MATERIALS COMPANY LIMITED and ran factories at workshops No. 1, No. 4, No. 5 & No. 6, Factory Area for Lease, Road A2-A4, Zone A, Pho Noi A Industrial Park, Lac Hong Commune, Van Lam District, Hung Yen Province and Km24, National Road 5, Phan Boi Residential Group, Di Su Ward, My Hao Town, Hung Yen Province. However, since May this year, the company's name has been changed to TIEN PHAT ADVANCED MATERIALS COMPANY LIMITED. Noticeably, the import-export staff said that the registration address and all the company's factories were moved to a new location at Road G1, G Area, Pho Noi A Industrial Park, Ban Yen Nhan Ward, My Hao Town, Hung Yen Province. According to media sources, the new location has an area of 120,000 m2, and it appears that the subject company just recently moved to this new location. Currently, the subject's staff are very busy. As revealed by the chief accountant, operations this year were not good, total employees reduced to below 200 people from about 500 people before, and the business results were also estimated to go down compared to last year.