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 conquered international markets, establishing a solid 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 investment in a large-format sintered stone porcelain tile manufacturing plant, employing modern technology from Sacmi, Italy. The plant, with an expected capacity of 3 million m2/year, is slated to commence operations in 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 tiles at Wall Coverings 2024. Source: ROYAL
|
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 year-over-year, and after-tax profit of VND 64 billion, a 26.4% rise. The 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 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, cementing its place in the ceramic tile industry in Vietnam and internationally. Investors can anticipate sustainable growth potential and groundbreaking advancements from RYG in the future.
The Global Conquest Ambition of RYG: A Promising Newcomer on the HOSE Floor
With a robust foundation, experienced leadership, and strategic vision, RYG is poised to soar and cement its position in Vietnam’s tile industry and beyond. The company’s strength lies in its unwavering commitment to innovation, quality, and sustainability, positioning it at the forefront of the industry. As RYG embarks on its journey, it is well-equipped to not just meet but exceed the expectations of a dynamic and ever-evolving market, both domestically and on the global stage.
“VOSCO’s Ambitious Fleet Expansion: A Decade-Long Hiatus Ends with a $414 Million Plan for 10 New Vessels”
Our company leadership has confirmed that we have secured the necessary counter capital for the ship investment. We have also been in discussions with multiple domestic and international financial organizations to secure the most suitable loan facilities.
The Dynamic Duo: FLC Group’s New Leadership in 30 Days
The FLC Group has announced significant changes to its senior management team at FLC GAB, its mineral investment and asset management arm.
The Ultimate Guide to the Leading Logistics Companies: Viettel Post Reigns Supreme in the Express Delivery Sector, While Giao Hàng Tiết Kiệm and Giao Hàng Nhanh Make Their Debut in the Top 5.
Vietnam Report JSC has recently unveiled the Top 10 Reputable Companies in the Logistics Industry for 2024, offering a comprehensive overview of the sector’s performance over the past year.
The Golden Exodus: A Mining Company’s Leadership Transition
Despite a challenging economic landscape, Vàng Lào Cai has persevered through difficult times. From 2020 onwards, the company experienced a hiatus in sales and service revenue, culminating in a challenging year in 2023, with a loss of nearly 14 billion VND. As of the end of 2023, the cumulative loss exceeded 113 billion VND.
