The International Finance Corporation (IFC) has recently announced an expected investment of US$20 million to fund APH’s compostable materials manufacturing plants.
IFC – a member of the World Bank Group and the largest global development institution focused on the private sector ty le keo ca cuoc emerging markets – plans to invest US$20 million ty le keo ca cuoc APH to support the implementation of plants to manufacture polybutyrate adipate terephthalate ( PBAT) and PBAT compounds for use ty le keo ca cuoc production of compostable plastic products. The investment will be ty le keo ca cuoc the form of a 7-year convertible loan that can be converted into APH shares.
The PBAT plant with a capacity of 20,000 MT/year and the PBAT compound plant with a capacity of 21,000MT/year will be located ty le keo ca cuoc Hai Duong and Hai Phong provinces respectively. The PBAT compounds will be used as raw material by APH’s subsidiaries, An Phat Bioplastics JSC and Hanoi Plastics, to produce compostable plastic bags and cutlery for both export and domestic markets.
Previously, on June 22, 2020, APH successfully carried out an IPO and announced its plan to list 132.6 million shares to mobilise capital for the construction of compostable materials manufacturing plants. With this project, APH will be the first manufacturer of PBAT resin ty le keo ca cuoc Vietnam placing it ty le keo ca cuoc a strong competitive position to supply alternatives to conventional single-use plastics for both domestic and international markets.
The Group has a long experience ty le keo ca cuoc flexible plastic packaging sector, demonstrated by having operated facilities with current annual capacity of 96,000 tons. The Group is also the largest player ty le keo ca cuoc the plastic packaging sector ty le keo ca cuoc Vietnam. APH is also the first producer of compostable bags ty le keo ca cuoc Vietnam and equipped with integrated operations. At present, APH is the largest thin monolayer film manufacturer ty le keo ca cuoc Southeast Asia, accounting for 20 percent of Vietnam’s exports. Also, APH’s products currently present ty le keo ca cuoc nearly 70 countries around the world with a loyal customer base.
An Phat Holdings (Ticker symbol: APH) is the parent company of more than 15 member companies operating ty le keo ca cuoc: Packaging; Compostable products & compounds; Engineering plastics & building materials plastics; Raw materials and chemicals for plastics industry; Precision engineering & molding; Industrial real estate. APH also directly owns 2 listed companies, Hanoi Plastics JSC (Ticker symbol: NHH) and An Phat Bioplastics JSC (Ticker symbol: AAA) and indirectly owns more than 10 companies through the 2 listed companies above.
On July 28, 2020, APH was officially listed on the Ho Chi Minh City Stock Exchange (HOSE) and announced its plan to build the first compostable material manufacturing plant ty le keo ca cuoc Viet Nam.
As the largest market cap plastic stock ty le keo ca cuoc Vietnam, APH’s market capitalization reached approximately US$414 million after nearly 3 months of listing (as of October 16, 2020). IFC’s financing of US$20 million for APH to build compostable materials manufacturing plants has shown the project’s potential for success when attracting investment from the prestigious international financial organization. The cooperation with a reputable financial institution like IFC affirms the company’s transparency as well as has a potential to enhance the corporate governance capacity of the group.
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| About An Phat Holdings (APH): An Phat Holdings currently has 15 member companies, including 4 listed companies: An Phat Holdings (Ticker symbol: APH), An Phat Xanh Bioplastics JSC (Ticker symbol: AAA), Hanoi Plastics JSC (Ticker symbol: NHH) and An Tien Industries JSC (Ticker symbol: HII). With a diversified plastic industry ecosystem, An Phat Holdings has affirmed its brand, prestige and position to make its products present ty le keo ca cuoc nearly 70 countries such as Europe, America, the United Arab Emirates, Japan, Korea, Singapore, Taiwan, Philippines … Specifically, ty le keo ca cuoc thin monolayer film, An Phat Holdings is currently the largest manufacturer ty le keo ca cuoc Southeast Asia. ty le keo ca cuoc the supporting industry, the Group is a reliable partner of many multinational companies such as Honda, Toyota, Samsung, Piaggio, LG Electronics … ty le keo ca cuoc the field of materials and chemicals ty le keo ca cuoc plastic industry, An Phat Holdings is the leading plastic resin trader ty le keo ca cuoc Vietnam. ty le keo ca cuoc addition, An Phat Holdings also affirmed its position as a reputable exporter for items such as plastic additives, high-tech interior plastic products … Expanding and investing ty le keo ca cuoc the field of industrial real estate, An Phat Holdings also obtained many achievements with 2 large industrial zones. ty le keo ca cuoc particular, An Phat Holdings is the first enterprise ty le keo ca cuoc Vietnam and one of the few companies ty le keo ca cuoc the world to successfully produce AnBio compostable material and compostable product meeting international standards under brand name AnEco. The Group is promoting investment ty le keo ca cuoc the construction of the first and largest green material manufacturing plant ty le keo ca cuoc Vietnam with a capacity of 20,000 tons per year to serve the needs of domestic and foreign production and export of raw materials and green products. An Phat Holdings is on the way to becoming the biggest high-tech bioplastics group ty le keo ca cuoc Southeast Asia. The group sets a revenue target of 2025 at US$1 billion. For more information, visit: |
