Minh Phuc JSC Plans to double Net Profit in 2012
Minh Phuc was established in 1998 as a trading company focusing on importing materials for the printing industry. The Company has since grown into one of the leading companies specializing in the printing of paper-based packaging, aluminum foil, labels, envelopes and other related products in Vietnam.
Over the years, the Company has commanded a sizeable share in the printing and packaging for the tobacco and the food and beverage industries. Minh Phuc’s customers are amongst some of the largest enterprise in Vietnam, namely Saigon Tobacco, Vinataba, Saigon Beer, Vietnam Brewery Limited and Hanoi Beer, etc.
The Company’s factory is located in Ho Chi Minh City’s district 8 on an area of 4,000sq meters. The factory is equipped with the latest technology from Japan and Germany, including offset printing machines, rotogravure printing machines and other post-printing processing machines.
In the first seven months of 2010, Minh Phuc has achieved its full year net profit target and aims to achieve a sustainable growth of Net profit in future periods. Net profit and projected by management to be in range of 60 -70% of net profit for period from 2010 to 2012.
Minh Phuc’s future growth stems from the growth prospect of the printing and packaging industry given the increasing urbanization and rising consumer purchases; and a trend favoring paper-based packaging by both FMCG companies and consumer. The Company’s vision is to be the most technologically advanced printing and packaging company in Vietnam Tobacco packaging and aluminum labels for brewery products.
H.L
Vietnamese
