An Phat Plastic Green Environment JSC wins US$60 million contract
An Phat Plastic & Green Environment JSC, a member of An Phat Holdings, has signed a contract to supply thin film packaging worth VND1.4 trillion (US$60 million) to a Japanese partner.
The company has been producing and exporting t-shirt packaging to Japan since 2015, accounting for 30 per cent of its total export volume.
The new contract was expected to be a breakthrough for the company’s growth in 2019.
An Phat Holdings introduced its thin film packaging, fully biodegradable plastic bag (AnEco), plastic resin, floor tiles, wall tiles and other products at an international exhibition in Tokyo last month.
In addition to heading to export markets, the company is looking to conquer the local market.
Its AnEco fully biodegradable plastic bags are sold at the Vinmart supermarket chain, meeting clean and green criteria.
The AnEco bag is made from corn starch and bio-plastics imported from Europe which are safe and environmentally friendly.
The bags decompose in just one year into compost for plants.