Increased Resin Demand Propels Export Opportunities
According to ICIS forecasts, global resin demand is projected to surge by approximately 4.4% annually from 2023 to 2025. This demand is primarily driven by China, the Asia-Pacific region, and Europe. The future growth of resin demand will heavily depend on China’s trajectory, along with other emerging Asian economies. China remains the world’s largest resin consumer and a significant influencer of the global resin market. Developing nations in the Asia-Pacific region, including Vietnam, are anticipated to experience sustained resin demand growth.
In Vietnam, An Thanh Bicsol stands out as a leading resin supplier, exporting its products to 70 countries and territories. Headquartered in Hai Duong’s An Phat Complex Industrial Park, it maintains international offices in the United States, China, and Singapore. Founded in 2017, An Thanh Bicsol is a core member of An Phat Holdings Group, with an extensive business network nationwide and partnerships with over 2,500 domestic and international clients. Its production capacity averages 35,000 tons per month.
Amidst the escalating global demand for resin, An Thanh Bicsol is well-positioned to expand its growth prospects. The company offers a diverse range of resins, additives, chemicals, and plastic industry raw materials, catering to the specific needs of global plastic product manufacturers with high-quality supplies.
An Thanh Bicsols’ revenue stream comprises 47% from PE resin, 33% from PP resin, 13% PVC, 6% PET, with PS and ABS contributing the remaining 3%.
The company’s exports are primarily concentrated in Southeast Asia (37%), followed by the combined South Asian and Middle Eastern markets (32%), and further distributed across the EU (12%), North and South America (10%), Africa (5%), and China (3%).
Extending the Growth Trajectory
An Thanh Bicsol has witnessed remarkable growth, increasing its monthly resin sales from 2,000 tons in 2017 to 13,000 tons in 2020. This growth continued in subsequent years, with a 46% surge in 2021 and an 84.2% increase in 2023. An Thanh Bicsol has set a target of achieving 100,000 tons per month by 2030, a fiftyfold expansion since its inception.
An Thanh Bicsols resin sales have consistently grown over the past decade. Photo: An Thanh Bicsol
With nearly 200 experienced and innovative employees, An Thanh Bicsol relentlessly strives to emerge as a leading distributor of virgin resins and raw materials in Vietnam and globally.
2023 presented challenges and opportunities, and the company achieved several milestones, solidifying its position as a trusted resin supplier, catering to discerning customers in demanding markets. This success can be attributed to An Thanh Bicsol’s effective utilization of An Phat Holdings Group’s integrated supply chain, which encompasses logistics, warehousing, and global offices. The company is consistently expanding its customer base, diversifying products, and exploring new markets.
An Thanh Bicsol is part of An Phat Holdings, a group with 20 years of experience in plastics manufacturing, boasting state-of-the-art production facilities. This parentage provides a competitive advantage, enabling An Thanh Bicsol to accelerate its growth and global reach. The company’s deep understanding of customer needs and preferences empowers it to deliver tailored solutions. With its proprietary Bicsol packaging brands, global offices, and a dedicated sales team, An Thanh Bicsol’s trajectory is set for continued expansion.
