An Phat Holdings' bio-plastic materials to be distributed throughout North America
An Phat Holdings' bio-plastic materials to be distributed throughout North America
Through AFC Ecoplastics, a new member of the group based in Texas, An Phat Holdings teamed up with Nexeo Plastics – a leading plastic resin distributor – to bring biodegradable plastic materials to the US, Canada, and Mexico.
The biodegradable plastic lines to be distributed in these markets meet ASTM D6400 standards for biodegradability in industrial composting and are 30-80 per cent bio-based, proving the ideal choice for the production of knives, forks, straws, bottle caps, and more.
“Nexeo Plastics is one of the world's leading enterprises in the application of new innovative technology for plastic pellet production. We are confident that the cooperation will offer new and improved lines of biodegradable plastic materials,” said Nirav Patel, CEO of AFC Ecoplastics and board member of An Phat Holdings.
Arturo Hoyo, vice president of Production Line Management at Nexeo plastics, asserted that the company is committed to providing customers with top quality raw materials, including biodegradable materials for the manufacture of disposable plastic products.
The move creates great opportunities for the group to land further business cooperation contracts, bringing the company’s products to a larger number of consumers in the US and North America.
Hoyo praised An Phat Holdings’ biodegradable materials for their eminent features, sustainability, flexibility, and ease of handling.
“North America, especially the US, has always been a strategic goal in our global expansion strategy,” said Pham Anh Duong, chairman of An Phat Holdings.
“The segment of biodegradable plastic materials and products has been the strength of the group for more than a decade and now, with new investments, we will certainly bring distinct values to the global green materials supply chain.”
In light of its development trajectory, An Phat Holdings places a special focus on the US, Canada, and Mexico through the export of quality biodegradable plastic materials and packaging products.
The group has successfully registered a trademark for its AnEco biological product line in the US.
The move creates great opportunities for the group to land further business cooperation contracts, bringing the company’s products to a larger number of consumers in the US and North America.
An Phat Holdings recently kicked off the construction of the PBAT Compostable Resin Plant with a capacity of 30,000 tonnes per year in the northern port city of Haiphong, deemed as the first and largest green material facility in Southeast Asia.
When the factory becomes operational, the company would possess outstanding advantages to dominate the market as well as yield fruition to its global expansion strategy.
An Phat Holdings’ two new members based in the US have deployed diverse investment promotion activities with international funds, organisations, and foreign businesses in the market.
The cooperation with Nexeo Plastics marks an important milestone for An Phat Holdings’s efforts to deepen its roots in the American market.
An Phat Holdings is deemed a leading eco-friendly and high-tech plastic group in Southeast Asia, holding the No. 1 position in exporting thin-film packaging, and developing fully biodegradable plastic materials and products.
The company currently has 16 subsidiaries and more than 5,000 employees in Vietnam and many countries around the world. The company’s global customers are now present in more than 70 countries and regions around the world, including the US, Japan, Europe, South Korea, and many other markets.
The company’s PBAT Plant is slated to go into operation by 2024, paving the way for An Phat Holdings to enter the global green raw material supply chain.
Founded in 1973, Nexeo Plastics provides quality materials from world-class manufacturers to customers across the globe. The company’s products are present in more than 60 countries with 8,500-plus materials serving different industries such as automotive, healthcare, and packaging.
