Truong Phat Super Plastic Group Joint Stock Company (Vietnam)

Starting its history in late 2011, the subject is principally engaged in manufacturing and supplying various kinds of HDPE, PVC pipes, and related accessories. It imports plastic beads for production from the USA, Italy, Abu Dhabi, Japan, Thailand, South Korea, India, China, etc. Its output products are used in the civil, industrial, and hydraulic water supply and drainage, construction, building cages for aquaculture; replacing cable conduits in electricity and telecommunication fields; Oil and gas transmission, … Currently, the company mostly provides products to the domestic market, and sometimes it exports an amount to Myanmar, Laos, and Cambodia. The export ratio is insignificant now.It is noted that the subject has moved all production facilities from Bac Ninh Province to Hung Yen Province since early this year. It has also expanded its business activity to the field of aquaculture since 2021, which has clearly developed from mid-year 2022 up to now as a revelation by Ms. Hoa, who is in charge of the company's accounting. That was one of the main causes of the impressive revenue growth in 2022 besides expanding the traditional business line, added she. According to Ms. Hoa, the turnover reached around VND 491 billion last year, 1.86 times higher than the number in 2021.