Tien Phong Plastic Joint Stock Company
Name: Tien Phong Plastic Joint Stock Company (NTP)
Abbreviated name: TIFOPLAST
Head office: 02 An Da Street, Lach Tray Precint, Ngo Quyen Ward, Hai Phong City, Vietnam.
Foundation: May 19th 1960
Tien Phong Plastic Joint Stock Company, formerly known as Tien Phong Plastic Factory, was established in 1960 with the scale of 4 main workshops: mechanical workshop, plastic injection workshop (Phenol), plastic workshop (Polystyrol) and the Toy Workshop. With the main task: specialized in producing goods for children teenagers.
Although officially operating as a joint stock company on December 30, 2004 - under the business license No. 0203001195 …show more content…
We have registered protection of trademarks in 05 countries: China, Lao, Thailand, Cambodia and Myanmar. Thus, our export sales to those regions will be increased dramatically; for Lao market in particularly, our export sale will reach from 1.200.000 to 1.800.000 USD per year.
With the sale networks including 06 deferred-payment sale centers and nearly 300 sale agents, Tien Phong Plastic’s products have been distributed widely in all over the country. Especially in the northern market, Tien Phong Plastic holds 70-80 % market share. In the aura of the nation’s economic growth, we aim to increase sale revenue, industrial productions value, net income and tax budget by 10 to 15%. Not only steadily improving life standard of the employees, we also carry out charity works and serve social wealth-being as well.
On July 5th, Tien Phong Nam Southern Tien Phong Plastic Joint Stock Company (Tien Phong Nam) and Sekisui Chemical of Japan (Sekisui Japan) held a comprehensive cooperation signing ceremony. This co-operation event is a big turning point for the future big-growth strategy of the two …show more content…
The cooperation between the two leading companies will not only enhance both internal strengths in the future, but also contribute to the development of the water supply and sewerage sector, the strengthening of economic co-operation and the strengthening of the relationship. friendship between Vietnam and Japan. Total export turnover in the first 6 months of 2017 is estimated at $ 1.2 billion, up 12.6% over 2016. Through the growth figures of the sector, we believe that the plastics industry will continue to grow. Considerable development. Proof of this is that Tien Phong Nam, after 10 years of development from a headquarters and less than 5 hectares factory is now preparing to build more workshops with an area of 11 hectares ...
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MTC initially needed to obtain substantial investment capital due to two main factors: a research-heavy industry, and the need to create most of the markets for its products. Although the founders' goal was to become a major manufacturing company, they did estimate that the company would need $50 million in capital before it would become self-sufficient. Their initial financing model was to first recruit a superior technical team, use that to attract additional equity investment and development funding from interested corporations, and then develop manufacturing capabilities. Commercial sales began 2.5 years after inception, and MTC is nearing the break-even point in 1990.
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