Tien Phong Plastic Focuses on Investment & Renovation

Tien Phong Plastic Joint Stock Company was set up in 1960 and went public in 2005. The dramatic shift from the old, well-known but outdated products to market targeted PVC, PEHD and other plastic tubes quickly made the company a major producer of plastic tubes on the market.

 

Grasping market demand, Tien Phong Plastic boldly boosted investment in new products. PVC, PEHD and PPR plastic tubes are used for water supply and drainage in civil, industrial, agricultural and other fields. The company quickly dominated the market with high-quality products and competitive prices.

 

With the motto, "Putting quality on top, ensuring legitimate rights of consumers," Tien Phong Plastic brand has spread strongly throughout the domestic market. The company has six sales centres and nearly 300 sales agents nationwide. Currently, Tien Phong Plastic holds 70 - 80 percent of plastic tube market share in northern Vietnam. After going public, the company made great progress, with revenues rising from 20 to 30 percent annually. In 2010, all business norms increased over 2009. Revenues grew 30 percent to reach VND1,940 billion, profit before tax was VND375 billion, and contributions to the State Budget hit VND243 billion (for years Tien Phong Plastic has been the biggest taxpayer in the northern port city of Hai Phong).

 

To have highest product quality, inputs are strictly monitored. All machines and facilities are imported from countries with advanced plastic pipe industries like Germany, Austria and South Korea. The company also invests to replace old equipment and machinery every year (with VND60 billion in 2010) in order to improve production capacity. Sales and input stockpiling policies are deployed reasonably. In addition, the company focuses on developing new markets. In 2010, Southern Tien Phong Plastic Joint Stock Company attained revenues of VND160 billion. In Laos, Tien Phong - SMP Plastic Joint Venture Limited has also begun stable and effective operation. The company continues investing to expand production premises in Duong Kinh district (Hai Phong city) by 13.5 hectares to scale up production capacity to meet the market demand.

 

In addition to efforts to enhance production performance, building corporate culture and taking care of employees is another big concern of the company’s management.

 

Mr Pham Van Vien, General Director of Tien Phong Plastic, said: "We have always considered human resources an important factor for success. Our people are the foundation of building product quality." Thus, the company always attaches importance to improving the material and spiritual life of its employees, and ensures all rights and benefits for workers in accordance to the Labour Code, like insurances and wages. The company’s 1,140 employees are offered stable employment and paid VND5.6 million per month on average. Annually, the company raises salaries for all employees, improves their working skills and builds up working discipline. The friendly and civilised working env

With its efforts and success in the past 50 years, Tien Phong Plastic Joint Stock Company has been awarded many notable titles: Third-grade Labour Order (2010), Top 20 Famous Vietnamese Brand, Vietnam Gold Star Award for top 10 brands in 2010, etc.

ironment has strengthened their love and attachment to the company.

 

The company continues maintaining its quality control system, applying new quality management standards to production, and selecting multimodal services to meet all customer needs and increase Tien Phong Plastic products on the market. At present, the company has registered trademark protection in five countries, namely China, Laos, Thailand, Cambodia and Myanmar. Export revenues to regional markets will soar in the coming time, with sales in Laos expected to reach between US$1.2 million and US$1.8 million a year.