VinaCapital Vietnam Opportunity Fund

What VinaCapital Vietnam Opportunity Fund does

Euro Asia Packaging (Guangdong) Co., Ltd. is a Chinese manufacturer specializing in the design, development, production, and sale of single-piece aluminum aerosol cans (bottles) for the daily chemical and pharmaceutical packaging industries. Founded in June 2002 as a foreign-invested enterprise under Euro Asia Bank Group Co., Ltd., the company is headquartered in the National Health Technology Park of the Zhongshan Torch Development Zone, Guangdong Province, and was listed on the Hong Kong Stock Exchange on July 12, 2013 (stock name 'China Aluminum Can', code 06898.HK). It operates 12 computer-programmed automated production lines with an annual capacity of 300 million cans, holding over 65% of China's single-piece aluminum packaging can market share, with product specifications ranging from 16mm to 66mm in diameter and 58mm to 240mm in height across 11 catalog sizes.

The company's manufacturing process is anchored by Impact Extrusion (IE) technology and equipment imported from Italy, including China's first 40-station high-speed neck retainer (250 cans/minute) and the world's most advanced 9-color printing technology, enabling specialty shapes, embossed forms, and the 35mm-to-20mm necked-down format that fills a domestic product gap. It was also the first in its industry to achieve fully continuous production of screw-tank products on an automated assembly line, and in 2021 extended this capability into the IE Process one-piece threaded beverage/alcohol aluminum bottle for wine, drinking water, concentrated drinks, and functional beverages.

The business model is a direct, enterprise B2B sales motion targeting major international and domestic brands — including Amway, Procter & Gamble, Gillette, Henkel, Unilever, Kao, and Yunnan Baiyao — with unit pricing and a minimum order quantity of 20,000 pieces per version, no intermediaries, and reliance on industry exhibitions, trade shows, and direct customer relationships for demand generation. Revenue is generated through hardware sales of aluminum aerosol cans made from 99.7% aluminum. The company's competitive position is reinforced by a regulatory and standards stack including ISO9001:2015 (ANAB), DOT certification, National Medicine Packaging Materials registration, Export Dangerous Goods Packaging license, and leadership in drafting two national packaging standards (BB/T 073-2017 and BB/T 075-2017).

Name

VinaCapital Vietnam Opportunity Fund

Legal name

Euro Asia Packaging (Guangdong) Co., Ltd.

Website

https://vof-fund.com

Company type

Public

Founded year

2002

Operating status

Operating

Short description

Euro Asia Packaging (Guangdong) Co., Ltd. is a Chinese manufacturer of single-piece aluminum aerosol cans serving daily chemical and pharmaceutical brands. Listed on HKEX (06898.HK), it operates 12 automated lines with 300 million-can annual capacity and over 65% domestic market share.

Ownership category

akta.pro rank

Product category

Aluminum Packaging Manufacturing

NAICS

Metal Can Manufacturing (332431), Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing (33243)

SIC

Metal Cans (3411)

akta.pro primary industry

Aerosol Cans (Personal Care, Household, Industrial) (IMALADAC)

akta.pro secondary industries

Aerosol & Pressurized Packaging (Cans, Valves, Actuators) (IMALAJAD), Beverage Cans (Aluminum & Steel) (IMALADAA)

Keywords

• Aluminum aerosol cans
• Aerosol packaging manufacturing
• Single-piece aluminum bottles
• Pharmaceutical aluminum containers
• Personal care packaging

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Aluminum Aerosol Can Manufacturing and Sales: Design, development, production and sales of aluminum aerosol cans (bottles) for daily chemical and pharmaceutical packaging applications

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Euro Asia Packaging designs, develops, produces, and sells single-piece aluminum aerosol cans (bottles) used as packaging for daily chemical, personal care, pharmaceutical, beverage, and specialty industrial products. The company operates 12 computer-programmed automated production lines with annual capacity of 300 million cans, offering 11 diameter specifications (Φ22mm to Φ66mm) with heights from 58mm to 240mm, manufactured using Italy-imported Impact Extrusion equipment. Products are sold under a minimum order quantity of 20,000 pieces per version to enterprise brand customers globally.

Product overview

Euro Asia Packaging (Guangdong) Co., Ltd. is an aluminum aerosol can manufacturer offering a comprehensive portfolio of single-piece aluminum aerosol cans across 11 size categories (Φ22mm through Φ66mm diameter). The company operates 12 fully automated computer-programmed production lines with an annual capacity of 300 million cans, holding over 65% of the domestic single-piece aluminum packaging market share in China. Product specifications range from 16mm to 66mm in diameter and 58mm to 240mm in height, with the 35mm necked-down to 20mm product being a domestic first. The company has introduced Italy-imported production lines featuring world's most advanced 9-color printing technology and 40-station aluminum can flanging necking technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Φ22mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 22mm bottom diameter, heights from 58-100mm, manufactured from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version. Designed for personal care, daily chemical, and pharmaceutical aerosol product packaging.
• Φ25mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 25mm bottom diameter, heights from 65-100mm, manufactured from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version for daily chemical and personal care aerosol applications.
• Φ28mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 28mm bottom diameter, heights from 65-153mm, manufactured from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ35mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 35mm bottom diameter, heights from 70-165mm, made from 99.7% aluminum. Features a 35mm-to-20mm necked-down version that fills the domestic product gap for this specification.
• Φ38mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 38mm bottom diameter, heights from 80-170mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ40mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 40mm bottom diameter, heights from 90-190mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ45mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 45mm bottom diameter, heights from 100-190mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ50mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 50mm bottom diameter, heights from 100-225mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version. Available in multiple neck (M24, 1-inch) and surface treatment variants.
• Φ53mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 53mm bottom diameter, heights from 110-235mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ59mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 59mm bottom diameter, heights from 120-238mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• Φ66mm Aluminum Aerosol Can Single-piece aluminum aerosol can with 66mm bottom diameter, heights from 120-240mm, made from 99.7% aluminum with a minimum order quantity of 20,000 pieces per version.
• IE Process One-Piece Threaded Aluminum Bottle (铝瓶) One-piece threaded aluminum bottle independently developed using the IE (Impact Extrusion) process on the company's existing aerosol production line, producing a new structural threaded aluminum container for alcoholic beverages, drinking water, concentrated drinks, functional beverages, and special industrial products.

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Hunan University of Technology (湖南工业大学)minorStrategic or Co-development PartnerPartnership for joint cultivation of engineering graduate students. The first graduate student Sun Zhaofei completed his thesis and obtained a master's degree. Company General Manager Lian Yunzeng served as part-time master's supervisor.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ALPLA Group: Global plastic and packaging manufacturer with significant personal care and household product exposure, including aerosols. Comparable as a broad incumbent competing for the same FMCG packaging spend, although primarily plastic-focused rather than aluminum.
• Crown Holdings: Global metal packaging giant with substantial aerosol can and aluminum container operations serving personal care, food, and beverage customers. Comparable as a diversified incumbent whose aerosol can business directly competes with Euro Asia's core offering for multinational FMCG accounts.
• Ardagh Group: Global glass and metal packaging producer with metal packaging operations serving personal care, beverage, and household end markets. Comparable as a multi-material incumbent whose metal packaging business overlaps Euro Asia's aluminum aerosol can category.
• Trivium Packaging: Global metal and plastic packaging producer with a dedicated aerosol can business serving personal care, household, and pharmaceutical customers in Europe, the Americas, and Asia. Comparable as a multi-material incumbent competing for the same multinational aerosol accounts.
• Ball Corporation: Global leader in aluminum beverage cans and aerosol cans, with a sizable Ball Aerosol Packaging division serving personal care and household customers. Comparable as the dominant global incumbent in the same aluminum aerosol can product category Euro Asia serves.

Direct peers

• Colep Packaging: European contract manufacturer of aluminum and tinplate aerosol cans and packaging components for personal care, household, and pharmaceutical brands. Comparable as a specialized direct competitor in the same single-piece aerosol can product space.
• CCL Container: North American aluminum aerosol can and specialty container manufacturer serving personal care, pharmaceutical, food, and household customers. Comparable as a focused aluminum aerosol can specialist competing for similar multinational brand supply.
• CPMC Holdings: Hong Kong-listed Chinese metal packaging manufacturer (formerly China Metal Packaging) producing tinplate and aluminum cans and closures for beverage, food, and personal care customers. Most direct comparable to Euro Asia in scale, listing jurisdiction, product category, and Chinese customer base.
• Tubex Group: European-headquartered manufacturer of aluminum aerosol cans and monobloc containers serving cosmetics, personal care, and pharmaceutical brands. Comparable as a focused aluminum monobloc aerosol can specialist with similar IE-process technology and customer profile.

Others

• AptarGroup: Global supplier of dispensing systems, closures, and packaging components for personal care, pharmaceutical, and household brands. Comparable as an adjacent packaging supplier frequently specified alongside aluminum aerosol cans by the same multinational FMCG customers Euro Asia serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VinaCapital Vietnam Opportunity Fund