Hanoi, May 21, 2020, An Tien Industries JSC (Stock Ticker: HII) is honored to be the number 1 among 500 Vietnam’s fastest growing enterprise (FAST500) in 2020, exceeding 4 levels compared to 2019 (5/500).
In 2019, An Tien Industries has outstanding business results, with revenue of 4,632 billion VND, exceeding 54.4% of the year plan.
As an enterprise specializing in manufacturing ANCAL plastic additives and stone powder, after more than a decade of growth and development, An Tien Industries is currently the second largest plastic additives producer in Vietnam, with 2 modern manufacturing plants in Yen Bai Province. An Tien Industries’ products are exported to 62 countries and regions around the world.
By 2020, An Tien Industries plans to achieve VND 3,300 billion of consolidated revenue and VND 60 billion of consolidated profit after tax, increasing by 11% compared to 2019. At the same time, An Tien Industries will keep investing in machinery, production lines, expanding manufacturing activities, focusing on upgrading the production of technical plastic materials (compound) as well as deploying joint ventures to make intermediate and high-end products.
An Tien Industries is a subsidiary of An Phat Holdings – a leading group in manufacturing high-tech and environmental-friendly plastics in Southeast Asia, with more than 4,000 employees. An Phat Holdings is currently the No. 1 Southeast Asian film-packaging manufacturer and exporter. In addition, An Phat Holdings has focused on developing compostable product lines and high-tech plastics for supporting industries.
The FAST500 Awards are ranked based on the research results and evaluation on the Compounded Annual Growth Rate (CAGR) in terms of revenue and business performance. In addition, some other criteria such as total assets, total employees, profit after tax and social medial reputation are also used as a supporting factor to determine the size and position of the enterprise in the industry.