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| Leaders of Tan A Dai Thanh Group and its affiliate - Stroman Viet Nam Plastic Corp pose for a photo. — Photo Tan A Dai Thanh |
HA NOI (Biz Hub) — Tan A Dai Thanh Group has established a new subsidiary, Stroman Viet Nam Plastic Corporation, in a move to participate in the domestic plastic tube production market.
The company's factory, with a total investment capital of US$70 million, will be also developed in the northern province of Hung Yen, making it Tan A Dai Thanh's largest-ever project.
The 6-hectare factory will use plastic raw material sourced from the world's leading brands such as Borouge, SCG, AGC Group and Sabic, to churn out quality and environment-friendly plastic tube products, the group said in a latest statement.
Launched in 1993, Tan A Dai Thanh is now one of the leading manufactures of water tanks and solar water heater products in Viet Nam. As of November, the group has opened eight factories in Ha Noi, HCM City, Hung Yen, Da Nang, and Nghe An in addition to those in Dak Nong, Can Tho and Laos. It also has 12 affiliates besides a network of 135 branches and approximately 22,000 sale outlets nationwide.
Recently, the group's chairwoman Nguyen Thi Mai Phuong received the State President's Third Class Labour Medal for her great contribution to the country's economic development. — VNS