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, the company has successfully cemented its position in the industry over the past 15 years, achieving remarkable progress.
As of Q3 2024, the company’s chartered capital reached VND 450 billion, with total assets amounting 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.
The superior quality and aesthetic appeal of RYG’s ceramic tile products have enabled the company to successfully penetrate international markets, establishing a strong presence on the global ceramic tile map. RYG’s products are currently 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 the company closer to its goal of becoming one of the leading ceramic tile exporters in Vietnam.
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, incorporating modern technology from Sacmi, Italy. With an expected capacity of 3 million m2/year, the plant is anticipated to commence operations in early 2025.
Sacmi is known for providing production technology to renowned names in the ceramic tile industry, including Cerámica Mayor, Porcelanosa, and Anatolia. The sintered stone product line is expected to become a strategic offering, enabling RYG to reposition its brand, increase its market share in the premium segment, and take a significant step forward in its quest to become a leading regional manufacturer.
This product line not only targets demanding international markets 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 panels 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 its total revenue in 2023, a significant increase from 13% in 2022. Over the next three years, the company has set strategic goals, including increasing the proportion of export revenue to 70%, focusing on the US, European, and Middle Eastern markets; enhancing research and development of environmentally friendly products; and establishing a strong brand presence in the premium segment, directly competing with international rivals.
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 year-on-year, and after-tax profit of VND 64 billion, a 26.4% rise. The company’s debt-to-equity ratio remains at a safe level, ensuring a stable financial foundation.
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 significant milestone not only enhances the company’s position in the financial market but also opens up vast opportunities to strengthen its global competitiveness.
With a solid foundation, experienced leadership, and a strategic vision, RYG is poised for a breakthrough, cementing its place in the ceramic tile industry in Vietnam and on the international stage. Investors can anticipate sustainable growth potential and groundbreaking advancements from RYG in the future.
