Accordingly, VGC will establish the Limited Liability Company (LLC) Viglacera Sanitary Equipment (VSE) by merging two subsidiaries: Viglacera My Xuan Ceramics Company and Viglacera Faucet Company. All assets and personnel will be transferred to VSE. Simultaneously, VGC will initiate the process to cease the operations of these two subsidiaries.
Additionally, VGC will transfer its equity ownership in three subsidiaries—Viet Tri Viglacera JSC, Viglacera Trading JSC, and Thanh Tri Viglacera Ceramics JSC (UPCoM: TVA)—to VSE.
Upon establishment, VSE will consider setting up branches or factories at the current business locations of Viglacera My Xuan Ceramics Company and Viglacera Faucet Company.
Regarding machinery and equipment, VSE will take over management and operational rights from Viglacera Binh Duong Ceramics Company.
Notably, ceramic products, faucets, and accessories generated over VND 491 billion in revenue for VGC in the first half of 2025, a 50% increase compared to the same period last year. This segment ranks fourth in VGC‘s sales activities, following tiles, glass and mirrors, and clay bricks and roof tiles.
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Revenue Structure of VGC in the First Half of 2025
Source: Consolidated Semi-annual Financial Report 2025 of VGC
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This restructuring of VGC‘s sanitary ceramics segment follows the company’s recent announcement in August of plans to restructure other segments, including tiles and real estate.
Viglacera Continues Restructuring Tile Segment, Merging VIH and TLT into VIT
Viglacera Restructures Real Estate Segment, Considering Divestment from Two Subsidiaries
– 6:13 PM, September 17, 2025
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