An Phat Holdings officially organized Ground Breaking Ceremony for the largest green materials factory in Southeast Asia

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An Phat Holdings officially organized Ground Breaking Ceremony for the largest green materials factory in Southeast Asia

An Phat Holdings officially organized Ground Breaking Ceremony for PBAT Compostable Resin Plant. The Ceremony was attended by Mr. Vuong Dinh Hue –  Chairman of National, Head of the delegation; Mr. Bui Van Cuong – Secretary-General of National Assembly, Chairman of National Assembly’s Office; Mr. Vu Hong Thanh – Chairman of National Assembly Committee on Economy;  Mr. Nguyen Phu Cuong – Chairman of National Assembly Committee on Finance and Budget; Mr. Le Quang Huy – Chairman of National Assembly Committee on Science, Technology, and Environment;

Mr. Vu Hai Ha – Chairman of National Assembly Committee on Foreign Affairs; Mr. Nguyen Chi Dung – Minister of Ministry of Planning and Investment;  Mr. Tran Hong Ha – Minister of Ministry of Natural Resources and Environment; Mr. Nguyen Hong Dien – Minister of Ministry of Industry and Trade; Mr. Huynh Thanh Dat – Minister of Ministry of Science and Technology; Mr. Vo Thanh Hung – Deputy Minister of Ministry of Finance; Mr. Truong Hai Long – Deputy Minister of Ministry of Home Affairs; With assistants and secretaries of the Chairman of the National Assembly; the leaders of the Offices of the National Assembly.

On the local side, there was the attendance of Mr. Tran Luu Quang – Secretary of the City Party Committee -Head of the Hai Phong City National Assembly Delegation; Mr. Pham Xuan Thang – Secretary of the Provincial Party Committee, Chairman of the People’s Council of Hai Duong province; Mr. Ngo Hanh Phuc – Vice Chairman of Yen Bai Provincial People’s Committee; and Vice Chairman of People’s Council, City People’s Committee and relevant departments, branches in Hai Phong city with the participation of more than 100 partners, customers of An Phat Holdings as well as central and local press agencies.

PBAT Compostable Resin Plant is the first green material factory in Southeast Asia, at the list of high-tech investment priority projects, located in Nam Dinh Vu Industrial Park (Hai Phong) with a capacity of 30,000 tons per annum, will be completed after 24 months. The total investment is 120 million USD, the factory will respond 100% to An Phat Holdings material needs, beyond the goal of international export when operating.

With the modern investment in technology and machinery, PBAT’s operating efficiency is highly optimized with an average operating time of 8,400 hours, equivalent to 350 days/year. The factory also achieves high automation, which is expected to create jobs for about 200 high-quality workers.

At the ceremony, Mr. Pham Anh Duong – Chairman of An Phat Holdings said, the project is the best and most reasonable solution to An Phat Holdings’ material source: being independent in terms of raw materials supply, reducing the price to get closer to consumers and moving towards to replacing traditional plastic products.

“A Phat Holdings will represent Vietnam in putting its name on the global map of green materials and become a pioneer in implementing Vietnam’s commitment to achieving Net Zero emissions by 2050”, Mr. Duong said.

Currently, An Phat Holdings has received the transfer design of factory process and technology from Technip Zimmer – the world’s leading supplier of technology design and solutions for large-scale industrial plants and complicated. Therefore, PBAT Compostable Resin Plant has outstanding quality, self–contained standards, and the most modern production line.

Through this project, An Phat Holdings Group will complete the green circular ecosystem, become the first Vietnamese enterprise to produce bio-degradable plastic materials/products, officially participate in the world green material network. The price of green products will decrease by 20%~30% when the PBAT factory operates.

At the ceremony, Mr. Le Anh Quan – Permanent Vice Chairman of Hai Phong city People’s Committee shared the success in socio-economic development in Hai Phong city. At the same time, Mr. Quan also highly appreciated the role of the PBAT plant in the process of contributing to the economic development of the city, especially to promoting the production of zero emissions, no greenhouse effect.

Also at the ceremony, Chairman of the National Assembly of the Socialist Republic of Vietnam Mr. Vuong Dinh Hue with Ministers of Ministries and leaders of Hai Phong city, Hai Duong province and Yen Bai province and An Phat Holdings’ BODs pressed the ground-breaking button, officially open the construction phase of the factory. This moment is also the foundation for An Phat Holdings to expand more projects to global green products and materials.

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