Van Loi Company Limited (Bac Ninh) (Vietnam)

The subject was established in 2002 in Bac Ninh province on the basis of individual business households in the field of aluminum recycling born in 1995. Currently, the subject's main activity is collecting and recycling scrap aluminum to produce aluminum ingots. Typical products are ADC3, ADC6, ADC12, HD2-BS1, HS1-S, etc, which are used in many industries like electronics, cars and motorcycles ... Some of its typical customers such as Samsung, Honda, Showa, Hyundai. Formerly, its products were also exported to China and Japan but as revealed, the subject does not export now. Export activity has been transferred to the related company: DONG DUONG METAL PRODUCTION - TRADING COMPANY LIMITED.As reported data, net sales decreased by 17.25% to VND 931.8 billion in 2022 after soaring in the previous year. According to its accountant, reported revenue for 2023 would range from VND 800 billion to VND 900 billion. However, the number in reality reached nearly VND 1,000 billion because some transactions were not invoiced.