Mastering technology, Hanoi Plastics accelerates in the global value chain

Hanoi Plastics Joint Stock Company (code NHH) has been constantly creating, innovating technology, improving technical capacity, especially in the field of precision mechanics and mold manufacturing.

Hanoi Plastics focuses on investing in developing the mold field. The key to helping Hanoi Plastics “accelerate” “Independent and proactive in technology is a big dream of many businesses. And in order to realize that dream, it is necessary to research and develop (R&D), invest in facilities and people, especially a team with good expertise, understanding background knowledge. Gathering this team, creating conditions for them to rub and resonate is a priority in the field of supporting industries today,” said Mr. Bui Minh Hai, Chairman of Hanoi Plastics Joint Stock Company. When focusing on this field, An Phat Holdings Group has researched and given clear orientations and strategies to carefully build infrastructure, invest in equipment, and apply technology for manufacturing. get important details and components for big companies. In particular, the Group has invested and turned Hanoi Plastics into an enterprise capable of designing and manufacturing all kinds of molds from super-precision to large-sized molds serving the automotive industry, but few enterprises which can be done in the country. Instead of having to cooperate with one or more third and fourth parties to design, manufacture and test molds, which increases costs and production time, the end-to-end finishing of products within the company. The company will improve quality and reduce costs. With two factories in Hanoi and Hai Duong, especially possessing a modern mold system, Hanoi Plastics is now competitive enough to strongly develop this segment. In particular, the company attaches great importance to the development of core human resources. When working with FDI customers, Hanoi Plastics completes the basic criteria required by partners, then coordinates with consultants to come up with products that exactly meet partners’ requirements. Every year, the company organizes training and retraining of key human resources, sending to participate in training courses, training with research experts and offering effective solutions in production labor. “We believe that, in order to create components with high complexity and high intelligence, the human resource strategy is an extremely important strategy,” added Mr. Hai. In addition, Hanoi Plastics plays an important role in supporting industry development programs organized by the Ministry of Industry and Trade, in order to expand, connect trade, and share experiences with many businesses and ministries. , departments, branches in the same field. The company has been actively participating in production improvement cooperation programs of the Ministry of Industry and Trade in combination with FDI enterprises. Members of Hanoi Plastics An Trung Industries Limited and Vietnam Precision Mechanics and Mold Manufacturing Company Limited (VMC) are also evaluated by FDI enterprises as excellent enterprises in their improvement and growth programs. steps in improving production capacity and quality control. Revenue plan of VND 1,900 billion in 2021 The factory is supported by foreign experts to design and install according to strict standards. In 2021, Hanoi Plastics focuses on researching and developing new products, promoting its strengths in manufacturing plastic molds and industrial products, targeting Japanese customers and FDI companies. At the same time, the company maintains and develops existing customers in the field of plastic components for automobiles – motorcycles, electrical – electronics such as Toyota, Honda, Panasonic, LG, Piaggio, Samsung, Brother, Foxconn… Especially, this is also the year the member companies of Hanoi Plastics run at full capacity, deeply participating in the value chain of supporting industries. In particular, VMC with a capacity of 230 plastic injection molds/year will meet diverse needs from customers of cars and motorbikes, to customers of printers and computers to electronic devices such as televisions and phones. An Trung Industries Co., Ltd. expands its electronic product portfolio, targeting FDI companies manufacturing mobile phones. At the end of 2020, An Trung Industries was also selected by Foxconn as a supplier. This is a new factor, opening more growth opportunities for Hanoi Plastics in 2021. To realize this strategic goal, the entire factory, infrastructure, human resources, and production equipment are synchronized according to the strict standards of customers, supported by foreign experts directly. design and installation assistance. With those steps, Hanoi Plastics sets its business plan in 2021 as revenue of VND 1,900 billion, up 78.5% compared to 2020, profit after tax of VND 150 billion, going deeper into the global value chain. .