A production line of An Phat Holdings (Photo: https://anphatbioplastics.com/)

Hanoi (VNA) – An Phat Holdings (APH) has set a revenue target of 1 billion USD by 2025 becoming a leading producer of hi-tech and environmentally friendly plastic products in Southeast Asia.

According to Deputy General Director Pham Do Duy Cuong, with many subsidiaries operating in the plastic industry, An Phat Holdings has so far exported its products to nearly 70 countries in Europe, America, the United Arab Emirates (UAE), Japan, the Republic of Korea, Singapore, and Taiwan (China), and the Philippines.

Notably, An Phat Holdings is currently the largest producer and exporter of packaging film  in Southeast Asia. It also partners with many multinational companies operating in supporting industry, including Honda, Toyota, Samsung, Piaggio, and LG Electronics.

The firm is also a prestigious trader of plastic resin and exporter of plastic additives and hi-quality interior plastic products.

APH operates mainly in the fields of completely biodegradable products and materials, packaging, engineering and interior plastics, precision engineering and moulds, materials and chemicals in the plastic industry and real estate.

It is one of the few enterprises in the world that has successfully produced AnEco biodegradable bags meeting international standards.

Last year, APH’s consolidated revenue and after-tax profit reached 9.5 trillion VND and 712 billion VND, respectively, representing 19 percent and 305 percent year-on-year increases. Its total assets reached nearly 10 trillion VND./.

VNA