Polyfill Joint Stock Company (Vietnam)

Founded in 2016 in Hai Phong City, the subject is engaged in manufacturing additives, raw materials for the plastic industry (filler master batch), and trading compound resin in which manufacturing activities usually bring about 70% revenue to the subject. As revealed, the company mainly imports plastic resin from Singapore and some other markets like South Korea, China, Taiwan, and Thailand. About 70%-80% of its products are exported to foreign countries, mainly China, India, and Middle Eastern countries, the rest is provided to trading companies in Vietnam.The post-epidemic economic recession aslo had certain negative effects on its operation and the order amount decreased in some periods. This situation has been recovered in Quarter IV 2023 and revenue increased about 8-10% in average in these months. Besides, the trading segment tends to increase this year. In general, the subject created about VND 1,700 billion of sales for the first 11 years of 2023 and revenue for the whole 2023 might still increase by 7% to 8% compared to the previous year. However, profit this year might decrease due to fluctuations in raw material prices, he added.