A Journey of Growth with a Solid Foundation
RYG Joint Stock Company (RYG) is a leading manufacturer of ceramic tiles in Vietnam. Established in 2009, over the past 15 years, RYG has successfully asserted its position with remarkable strides.
As of Q3 2024, the company’s chartered capital reached VND 450 billion, and total assets amounted to VND 2,223 billion. RYG operates a factory with four production lines, a capacity of 13 million m²/year, and an extensive distribution network comprising over 100 distributors and 3,000 agents nationwide.
RYG’s ceramic tile products, known for their superior quality and aesthetic appeal, have successfully penetrated international markets, establishing a strong presence on the global ceramic tile map. Currently, RYG’s products are available in 14 countries, including demanding markets such as the US, Europe, and Japan.
These achievements are a testament to RYG’s exceptional competitive capabilities, bringing it closer to its goal of becoming one of Vietnam’s leading ceramic tile exporters.
Sintered Stone: A Strategic Move into the Premium Segment
In 2023, RYG made a strategic decision to invest in a large-format sintered stone porcelain tile manufacturing plant, employing state-of-the-art technology from Sacmi, Italy. The plant, with a capacity of 3 million m2/year, is expected to be operational by early 2025.
Sacmi is a renowned technology provider to several well-known ceramic tile brands, including Cerámica Mayor, Porcelanosa, and Anatolia. The sintered stone product line is anticipated to become a strategic offering, enabling RYG to reposition its brand, gain market share in the premium segment, and take a significant step towards becoming a leading regional manufacturer.
This product line targets not only international markets with stringent requirements but also offers attractive profit margins, providing a solid foundation to boost revenue and profit growth. It marks an important evolution for RYG in enhancing product value and directly competing with international brands.
Royal’s Porcelain 4.0 (large-size) sintered stone tile at Wall Coverings 2024. Source: ROYAL
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Expanding Global Reach, Elevating Status
In recent years, RYG has been actively expanding its international markets, with export revenue accounting for 20% of total revenue in 2023, a significant increase from 13% in 2022. Over the next three years, RYG has set strategic goals, including increasing export revenue to 70%, focusing on the US, European, and Middle Eastern markets, enhancing environmentally friendly product development, and establishing a strong brand presence in the premium segment to compete directly with international competitors.
Despite challenges in the construction materials industry, RYG maintained positive performance in the first nine months of 2024, with net revenue of VND 1,162 billion, a 28.6% increase compared to the same period last year, and after-tax profit of VND 64 billion, a 26.4% rise. The debt-to-equity ratio remains at a safe level, ensuring financial stability.
Listing on HOSE: A Strategic Milestone
On October 31, 2024, RYG received approval to list 45 million shares on the HOSE, corresponding to a chartered capital of VND 450 billion. This milestone not only enhances the company’s position in the financial market but also opens up significant opportunities to strengthen its global competitiveness.
With a solid foundation, experienced leadership, and strategic vision, RYG is poised for a breakthrough, solidifying its standing in the ceramic tile industry in Vietnam and internationally. Investors can anticipate sustainable growth potential and groundbreaking advancements from RYG in the future.
