Tien Phong Plastic Joint Stock Company
Introduction
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
Website: www.nhuatienphong.vn
Business description
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
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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
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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 ...
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.
In fact, many of the major plastics used today began when commissioned to be used for the war effort (Freinkel, 6). When plastic was first brought to The United States, the American people loved it. Not only can plastic imitate other materials, but it is also much more affordable. Overall, plastic is cheap. The leap in plastic produced from the ‘40s until now is extremely substantial. For instance, in 1940 plastic was hardly used, in 1960 a single American used close to 30 pounds of plastic per year, today each individual uses more than 300 pounds of plastic per year (Freinkel, 6). A major impact on the amount of plastic used is directly related to the way Americans, starting in the 1940s, were now able to mass produce plastic products. For instance, a single plastic comb making machine could reproduce ten combs in less than one minute (Freinkel, 22). Overall, plastic is relatively inexpensive and it is made for mass manufacture. Considering this it is east to see why plastic became so popular in the first place, it was a plastic miracle. However, there is a direct relationship between the amount of plastic produced and the amount of plastics that are being polluted into the
Currently, the developing countries of Asian and Eastern is both of the main sourcing regions and production providers to the world, these countries offers a great deal of low cost and skilled labours, relatively low price raw material which creating the ideal
Developed techniques of plastic
Laws: Other countries have different laws regarding distribution, manufacturing and advertising. If the products are being manufactured in Thailand, there might be import tariffs.
For each production stage, list input materials such as raw materials or output from previous stages, and output materials such as products, byproducts, wastes, or pollutants. Describe the process used at each stage and identify the least sustainable
From his information, ““Someone started doing it,” explains one local who has worked in the industry for years. “He made money, so more people did it. The government saw it as a good source of tax revenue and encouraged the industry,”” (Minter). The last guiding question, which questions the lack of choices of impoverished people, is also answered by Minter. Minter, having traveled to an especially impoverished region of China, provided the statistics that, ‘the country was home to roughly 60,000 small-scale, family-owned workshops devoted to recycling plastic. Of those, 20,000 are concentrate in Wen’an County,” (Minter). This shows that impoverished people have a lack of choices if a harmful industry is centered in their living area. This source contains valid information that provides legitimate answers for the guiding research
Company has been in business for more than 50 years and operating profitably for the past 25 years. In
for companies to stop producing plastic, we must first get rid of the demand for it. We
One material dominates the entire world, a material incapable of degrading for centuries and used in all facets of life. While very new to the earth, this synthetic polymer has flourished rapidly since the 1950’s, and, still at full throttle in the 21st century, the Age of Plastic sees no imminent end. Plastic continues to ascend at an exponential rate as its plethora of uses extends to new branches of technology and innovation. Even with their differences, both the working class American and the CEO of an industrialized company utilize plastic for its low cost and versatility. Nevertheless, humanity cannot sustain this nonrenewable resource for long, and eventually the issues of this material will one day outnumber the benefits.
If our company can earn sufficient fund, it is proposed to increase production in Asia-Pacific (AP) region. It is because the production cost in AP is lower than in North America (NA).
has opened an Asian headquarters in Singapore. “Since it opened International sales, which accounted for 25% of the company's business four years ago, were 35% in 2010. The company has set a goal of at least 40% by 2014.” (JS ONLINE, Journal Sentinel)
Moreover, even though producing in Vietnam would suppose a strong saving in cost in the labor-intensive processes, the risk of mold duplications and counterfeits is high. The imitation of the company’s products would eliminate the differentiation that allows them to charge a much higher price than the local manufacturers (15$ compared to 3$). Also, the company lacks of experience establishing a wholly owned subsidiary in a new country.
In reverse, P&G promoted the continuous improvement of logistics services of Paogong which has been the today's leading third-party logistics company.
This is the twelfth H-share issue on the HKEX. Total 1,080 million “H” shares would be offered and the total market capitalization is HK$1,575 million.