European Plastic Company

What European Plastic Company does

European Plastic Company, operating under the brands EuroPlas and EuP Group, is a Vietnamese joint-stock company headquartered in Hanoi that manufactures plastic masterbatch, compounds, and additives. Founded in 2007, the company operates 7 factories across Vietnam and Egypt with a stated combined annual production capacity of 0.8 million tons, supplying plastic manufacturing factories in over 95 countries. It has been ranked in Vietnam's VNR500 Top 500 Enterprises list for 10 consecutive years and self-describes as the world's largest filler masterbatch producer.

The company's product portfolio spans six core lines: filler masterbatch (CaCO3-based cost-optimization compound), color masterbatch, plastic additives, engineering plastic compounds (ABS, PC, PBT, PA6/PA66 blends with glass-fiber, flame-retardant, and anti-static variants), biodegradable BiONext compounds (PLA, PHA, PBAT, modified starch formulations that biodegrade within 12 months), and BiOMates bio fillers. Manufacturing relies on twin-screw extrusion and pelletizing of calcium carbonate, virgin resins, and specialty additives at 160-250°C, with raw material secured from Lao Cai CaCO3 deposits and certified under OK Compost, REACH, RoHS, and food-contact standards. Proprietary technology development spans 16+ years, and the company holds the registered BiONext and BiOMates brand identities.

EuroPlas operates a direct B2B sales model. Revenue is generated through one-time sales of manufactured masterbatch and compound products priced on a quote basis per volume, specification, and Incoterms; pricing is not publicly disclosed. Customers are reached through a multilingual website (Vietnamese, English, Chinese), direct sales team contact, international export channels, and high-level bilateral government forums (including a Vietnam-Egypt GAFI engagement on 4 August 2025). The primary customer base is industrial plastic manufacturers using blown-film, injection-molding, and extrusion processes, with secondary segments in food-contact packaging, agriculture (mulch films, plant pots), and engineering applications (automotive, electronics, electrical). The company is privately held with no disclosed parent, institutional investors, or external funding rounds.

Name

European Plastic Company

Legal name

Công ty Cổ phần Nhựa Châu Âu

Website

https://europlas.com.vn

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

European Plastic Company (EuroPlas) is a Vietnamese manufacturer of plastic masterbatch, compounds, and additives — including CaCO3 filler masterbatch, color masterbatch, engineering plastics, and biodegradable BiONext and BiOMates lines — selling directly to thousands of plastic-processing factories across more than 95 countries from 7 factories.

Ownership category

akta.pro rank

Product category

Plastic Masterbatch and Compounds Manufacturing

NAICS

Resin and Synthetic Rubber Manufacturing (32521), All Other Plastics Product Manufacturing (326199)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Bioplastics Compounding & Masterbatch (bio-based additives, colorants, fillers) (IMANANAB)

akta.pro secondary industries

Commodity Plastic Compounds (PE/PP/PS/PVC) (IMANABAA), Bio-based & Biodegradable Polymer Resin Manufacturing (PLA, PHA, PBS, starch blends) (IMANAAAG), Compostable & Bio-Based Packaging (PLA/PHA, Starch Blends, Cellulose Films) (IMALAMAB), Sustainable Additives & Plasticizers (bio-plasticizers, stabilizers, compatibilizers) (IMANANAH), Biodegradable Packaging Materials (films, trays, foams) (IMAEAOAB)

Keywords

• Filler masterbatch manufacturing
• Biodegradable plastic compounds
• Engineering plastic compounds
• Plastic additive production
• Bio filler materials

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices3 records

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. Masterbatch and Compound Product Sales: EuroPlas generates revenue through the manufacture and sale of plastic masterbatch and compound products. The company sells a comprehensive product portfolio including filler masterbatch, color masterbatch, plastic additives, engineering plastic compounds, biodegradable plastics (BiONext), and bio fillers (BiOMates) to customers in over 95 countries. Revenue is generated through direct B2B sales with product pricing based on volume, product type, and specifications. The company exports globally with both domestic (Vietnam) and international delivery options, using Incoterms for international orders.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

European Plastic Company (EuroPlas) manufactures and sells plastic masterbatch and engineered compound products, including filler masterbatch (CaCO3-based), color masterbatch, plastic additives, engineering plastic compounds, biodegradable bioplastic compounds (BiONext), and bio fillers (BiOMates). The company operates 7 factories across Vietnam and Egypt with annual production capacity of 0.8 million tons, exporting to over 95 countries worldwide. Its core value proposition is reducing plastic production costs by 8-30% by replacing virgin resin with calcium carbonate filler, while offering sustainable biodegradable alternatives.

Product overview

EuroPlas is a manufacturer of plastic raw materials with six core product lines: Filler Masterbatch (the company's flagship product and world's largest producer), Color Masterbatch, Plastic Additives, Engineering Plastic Compound, BiONext (biodegradable bioplastic compounds), and BiOMates (bio fillers). The product portfolio serves plastic manufacturers across packaging, automotive, electronics, agriculture, and consumer goods industries in 95+ countries. Production capacity is 0.8 million tons annually across 7 factories in Vietnam and Egypt.

Differentiator

Problem solved

Functional benefit

Brands

• BiONext: Biodegradable bioplastic compound product line made from renewable biomass sources such as PLA, PHA, PBAT, used for food packaging, agricultural films, and single-use products. Biodegrades within 12 months.
• BiOMates

Products and services

• Filler Masterbatch CaCO3-based filler masterbatch for plastic manufacturing cost optimization. Combines calcium carbonate, virgin resin, and additives with 60-80% filler loading to reduce production costs by replacing 20-40% of virgin resin, while improving hardness, impact resistance, processing stability, print quality, and surface finish.
• Color Masterbatch Concentrated color pellets produced by mixing high-quality color pigments, base resin, and special additives, then granulating. Provides excellent dispersion on finished product surfaces, stable color shades, and good heat resistance, with reduced dust and material loss versus pigment powder.
• Plastic Additives Comprehensive range of plastic additives including deodorant additives, desiccants/humidity absorbers, flame retardants, anti-fogging agents, anti-aging additives, processing aids, anti-static additives, UV protection additives, and transparency/brightness enhancers, designed to improve processing performance and final-product properties.
• Engineering Plastic Compounds Technical compounds including PBT GF-FR compound, PA6 and PA66 blends, flame-retardant PC compounds, glass fiber ABS compounds, and anti-static ABS compounds. Base resins include ABS, PC, HIPS, POM, PBT with reinforcement materials including glass fibers, electrically conductive carbon, barium sulfate, and anti-static and flame-retardant additives.
• BiONext Biodegradable Bioplastic Compound Proprietary biodegradable bioplastic compound made from renewable biomass sources including polylactic acid (PLA), Polyhydroxyalkanoate (PHA), plants (corn, palm oil, potato), and co-polyester aliphatic-aromatic (PBAT). Fully biodegradable within 12 months into water, CO2, and humus. Used for biodegradable packaging, food containers, agricultural film, and single-use cutlery.
• BiOMates Bio Filler Proprietary bio filler brand (BiOMates 01, 02, 03) made from biodegradable resin, modified calcium carbonate (CaCO3) powder, and dispersion additives. Compatible with various biodegradable base resins including PLA, PBAT, PBS, and TBS. Used in extrusion and film blowing applications for biodegradable packaging products.

Quantifiable outcome

• Reduces raw material costs by 8-15% per kg of finished product when replacing 20% of virgin resin with filler masterbatch
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• General Authority for Investment and Free Zones (GAFI) - EgyptflagshipStrategic or Co-development Partner · 4 August 2025GAFI is Egypt's government body responsible for attracting foreign direct investment. EuP Group participated in a high-level bilateral meeting between Vietnam's Deputy Minister of Finance and GAFI's Vice President as part of Vietnam's state visit to Egypt. GAFI supports EuP's manufacturing operations in Egypt and provides a business-friendly environment for the company's strategic investment in the country since 2022. EuP was recognized as an exemplary model of successful Vietnamese investment in Egypt.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Tosaf Group: Israel-based masterbatch and additive compounds producer serving film, injection, and extrusion converters worldwide. Closely matches EuroPlas's filler/color/additive portfolio and export orientation.
• Ampacet Corporation: One of the world's largest masterbatch manufacturers (color, additive, filler) serving plastic converters globally. Directly comparable to EuroPlas across product line and B2B factory-customer base.
• Sukano: Swiss-based specialty masterbatch producer focused on PET, PLA, and biopolymers. A direct competitor in the BiONext-style biodegradable/bioplastic compound space.
• Plastika Kritis S.A. Greek plastics and masterbatch manufacturer with agricultural film and biodegradable compound offerings — closely overlapping with EuroPlas's BiOMates/BiONext and agriculture segment strategy.
• RTP Company: US-based custom engineered thermoplastic compounder serving automotive, electronics, and industrial markets. Comparable to EuroPlas's engineering plastic compounds (PBT, PA6, PA66, FR-PC, GF-ABS) line.
• Gabriel-Chemie Group: Austrian masterbatch specialist producing color, additive, and biopolymer masterbatches for plastics processors in Europe and globally. Directly overlaps on BiONext-style biodegradable masterbatch offerings and customer profile.
• Premix Group: Finnish specialty masterbatch and conductive compound producer for plastics processing. Comparable to EuroPlas on custom additive/color masterbatch formulation and engineering compounds.

Broad incumbents

• Avient Corporation: Large US-listed specialty polymer materials company (formed from PolyOne / Clariant Color acquisition) covering color masterbatch, additives, composites, and engineered materials. Comparable at the portfolio level but at vastly greater scale and breadth.
• Cabot Corporation: Global specialty chemicals company producing carbon black masterbatch, rubber additives, and performance materials. Overlaps with EuroPlas on color/additive masterbatches and on rubber-processing customer base.

Emerging players

• NatureWorks LLC: US-based leader in PLA biopolymer resin production — a key upstream input supplier/competitor in the biodegradable plastics space where EuroPlas's BiONext brand competes downstream.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/EuP_Vietnam
• YouTubeyoutube.com/c/EuPGroup
• Facebookfacebook.com/EuPgroup
• LinkedInlinkedin.com/company/eup
• TikToktiktok.com/@europeanplasticcompany

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about European Plastic Company