An Phat Holdings

What An Phat Holdings does

An Phat Holdings Joint Stock Company (Công ty Cổ phẩn Tập đoàn An Phát Holdings) is a publicly listed Vietnamese industrial group (ticker APH on the Ho Chi Minh Stock Exchange) headquartered in Hanoi and operating a vertically integrated ecosystem of 19 wholly-owned subsidiaries across six business lines: compostable bioplastics and compounds (AnEco brand), thin-film packaging (the original core business, exporting to nearly 70 countries including Europe, Japan, USA, and Australia), engineering plastics and high-tech building materials (AnPro SPC/LVT flooring), raw materials and chemicals for the plastics industry (ANCAL plastic additives and ultra-fine CaCo3 powder via An Tien Industries since 2009), precision engineering and injection molding (serving automotive, motorcycle, and electronics industries), and industrial real estate development (An Phat Complex in Hai Duong, An Phat 5 Industrial Park in Hai Phong).

The technology backbone is materials-science driven rather than software-driven. AnEco products are made from 100% compostable bio-based sources (corn, cassava, rice, wheat starch) and decompose into CO2, water, and organic humus within 6-12 months under industrial or home composting conditions. The product line is certified by TÜV AUSTRIA (OK compost HOME and OK compost INDUSTRIAL), the US Biodegradable Products Institute, and Germany's DIN Certo. AnPro flooring is manufactured using German technology, is non-formaldehyde, mercury-free, waterproof, termite-resistant, and rated for 20-year durability. PBAT bioplastic resin production is being brought in-house through PBAT An Phat.

The business model is hardware sales across B2B enterprise channels with quote-based, multi-year contract pricing. Revenue is generated through direct enterprise field sales (industrial manufacturers, retail chains, real estate developers), channel partnerships with major supermarket chains across Vietnam (AEON, Lotte, Big C, Co.op Mart, Mega Mart, Vinmart, Intimex), and direct export to international markets. Bioplastic products carry a price premium of roughly 3x conventional single-use plastics due to imported raw materials and certification overhead. The customer base spans consumer retail, industrial manufacturing, construction and interior design, plastics raw materials buyers, and government/municipal contracts (Hai Duong Province, Hoi An City). Marketing combines industry trade shows (Chinaplas, TISE, Pack Expo Las Vegas, SIE Vietnam-Japan), environmental campaigns (Earth Day Compostable/EDC), retail partnerships, university outreach, and Vietnam Plastics Association participation.

Name

An Phat Holdings

Legal name

Công ty Cổ phần Tập đoàn An Phát Holdings

Website

https://anphatholdings.vn

Company type

Public

Operating status

Operating

Headcount range

101–250 employees

Short description

An Phat Holdings is a publicly listed Vietnamese industrial group operating 19 subsidiaries across compostable bioplastics (AnEco), packaging, engineering plastics, building materials (AnPro), raw materials, precision molding, and industrial real estate development.

Ownership category

akta.pro rank

Product category

Industrial Plastics & Bioplastics Manufacturing

NAICS

Chemical Manufacturing (325), Chemical and Allied Products Merchant Wholesalers (4246)

SIC

Miscellaneous Plastics Products (3080)

akta.pro primary industry

Compostable & Bio-Based Flexible Packaging (PLA, PHA, Cellulose Films) (IMALABAO)

akta.pro secondary industry

Bio-Based & Biodegradable Compounds (PLA/PHA/Starch Blends) (IMANABAF)

Keywords

• Bioplastics manufacturing
• Compostable packaging
• Engineering plastics
• Industrial materials
• Plastic resins

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Bioplastics and Compostable Products: Production and sale of 100% compostable products under AnEco brand including bags, cutlery, straws, paper cups, gloves, trash bags, and agricultural films. Revenue from both domestic supermarket chains and export markets.
2. Packaging Products: Thin film packaging as the company's first and core business segment, exported to nearly 70 countries including demanding markets Europe, Japan, USA, and Australia.
3. Engineering Plastics and Building Materials: Production of technical plastics, interior materials (AnPro SPC/LVT flooring), and precision molds for automotive, motorcycle, and electronics industries.
4. Raw Materials and Chemicals: Supply of plastic additives under ANCAL brand, ultra-fine CaCo3 stone powder, and plastic raw materials since 2009 through An Tien Industries.
5. Industrial Real Estate: Development and operation of industrial parks including An Phat Complex and An Phat Industrial Parks, providing integrated services from HR to financial consulting and logistics.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

An Phat Holdings is a Vietnamese plastics manufacturing conglomerate that produces bioplastics and compostable products (under the AnEco brand), conventional and engineering plastics, building materials (AnPro), packaging, raw materials and chemicals (ANCAL), precision-engineered parts and molds, and operates industrial real estate. The group is structured around 19 member companies and exports its products to approximately 70 countries.

Product overview

An Phát Holdings is a leading high-tech, environmentally friendly plastics group in Southeast Asia, operating through six core business segments: compostable products and compounds (AnEco brand), packaging, engineering and building material plastics (including AnPro SPC/LVT flooring), raw materials and chemicals for plastics (including ANCAL additives), precision engineering and molding, and industrial real estate development. The company's integrated ecosystem includes multiple subsidiaries serving both domestic and international markets across Europe, Japan, America, and Australia.

Differentiator

Problem solved

Functional benefit

Brands

• AnEco: Eco-friendly brand developed from end of 2018, focusing on developing products from eco-friendly biodegradable material. Products include compostable bags (shopping bags, trash bags, food bags), cutlery, straws, gloves, table covers, paper cups, trays, boxes, toys and tableware for children. All products are 100% compostable, certified by TÜV AUSTRIA, BPI, and DIN Certo.
• AnPro
• AnCal

Products and services

• AnEco Bioplastics & Compostable Products

Quantifiable outcome

• 80 tons of plastic bags reduced during Phase II EDC Campaign with 5 million AnEco corn starch bags distributed
• +2 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Vietnam Plastics Association (VPA)coreStrategic or Co-development Partner · 3 July 2026Active long-standing member of VPA with participation in Executive Committee. VPA delegation visited An Phat Holdings facilities including An Trung Industries. Collaboration on policy advocacy, market linkages, and information sharing to enhance Vietnam plastics industry competitiveness.
• United Nations International School of Hanoi (UNIS)minorStrategic or Co-development Partner · 15 October 2025Partnership in 'Green Future Builders Day 2025' event welcoming 1,300 students. An Phat showcased AnEco compostable products and educated youth about sustainable living.
• AEON VietnamcoreChannel Partner/ Reseller/ Distributor · 28 September 2019AEON Vietnam selected AnEco 100% compostable bags to replace OXO plastic bags in AEON shopping centers. This partnership was notable as Japanese enterprises are strict in supplier selection. AEON plans to use 100% compostable bags at AEON Ha Dong and expand nationwide replacement of plastic bags.
• Nature Works (USA)coreTechnology or Integration · 28 September 2019US raw material supplier providing materials for AnEco products. AnEco materials imported from reputable companies including Nature Works alongside Total Corbion (French-Dutch joint venture) and AnKor factory in Korea.
• Total Corbion (France-Netherlands)coreTechnology or Integration · 28 September 2019French-Dutch joint venture raw material supplier for AnEco bioplastic products. Partnership ensures supply of high-quality compostable materials meeting international standards.
• Hai Duong ProvincecoreStrategic or Co-development Partner · 4 July 2019Cooperation agreement with Hai Duong Province to support testing of organic waste bags. Partnership aligned with provincial goals to eliminate single-use plastics at outlets and markets by 2021 and nationwide by 2025.
• Lotte SupermarketcoreChannel Partner/ Reseller/ Distributor · 20 April 2019Major Korean retail chain participating in Phase II Earth Day Compostable (EDC) Campaign. Lotte and other retail partners helped reduce 80 tons of plastic bags during the campaign with 5 million AnEco bags distributed.
• Big C SupermarketcoreChannel Partner/ Reseller/ Distributor · 20 April 2019Part of the retail chain network participating in EDC Campaign to reduce plastic bags. Big C customers used AnEco 100% compostable bags for vegetables and shopping.
• Saint Honore Restaurant ChainminorChannel Partner/ Reseller/ Distributor · 20 April 2019Restaurant chain participating in EDC Campaign using AnEco corn starch bags for serving customers.
• Co.op Mart, Mega Mart, Vinmart, IntimexcoreChannel Partner/ Reseller/ Distributor · 20 April 2019Major Vietnamese retail chains distributing AnEco products. Part of nationwide supermarket presence in almost every major supermarket/store.
• Hai Duong UniversityminorStrategic or Co-development Partner · 9 January 2019Joint environmental program 'For a Green-Clean-Beautiful Environment' with over 100 students participating in parade and 'Mission: Green Planet Rescue' contest to raise awareness about plastic waste reduction.
• Hoi An City AuthoritiescoreStrategic or Co-development Partner · 1 January 2019Partnership for environmental protection campaign 'For a Cleaner Hoi An'. An Phat provided 23 three-compartment trash bins and AnEco compostable products to hospitality operators. Company was awarded Environmental Protection Companion Certificate.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Biome Bioplastics: UK-based bioplastics compound developer producing biodegradable and compostable resins for packaging and consumer goods. Comparable as a specialty bioplastic compound producer targeting packaging converters — similar tier to An Phat's PBAT/bioplastic compound business.
• TIPA: Israel-based developer of home-compostable flexible packaging films for food and fashion. Comparable to An Phat's AnEco compostable film technology and target market (flexible food packaging for retail and brand owners), though more focused on premium brand-owner customers.

Broad incumbents

• NatureWorks: US-based global leader in PLA bioplastic resins (Ingeo). Currently a key raw material supplier to An Phat (NatureWorks is listed as an AnEco material partner) but also operates a finished-products brand and competes in the broader bioplastics value chain. Highly comparable on the upstream PLA compound side.
• TotalEnergies Corbion: French-Dutch joint venture producing Luminy PLA resins for packaging, food service, and durable goods. Another key feedstock partner to An Phat's AnEco line, and a competing supplier of compostable bioplastic compounds to downstream packaging converters worldwide.
• Amcor: Global flexible and rigid packaging giant with growing sustainable packaging portfolio (recyclable, compostable, bio-based). Comparable to An Phat's thin-film packaging segment (the original core business exporting to 70+ countries) and increasingly to its AnEco compostable line.
• Sealed Air: Global packaging company operating in food packaging and protective packaging with sustainability-focused product lines. Comparable to An Phat's B2B packaging and engineered films business targeting industrial and food-service customers.

Direct peers

• Danimer Scientific: US-based producer of PHA-based bioplastics (Nodax) for compostable packaging, food service, and consumer goods applications. Directly comparable as a publicly listed bioplastics specialist competing in the same compostable film and finished-product markets as AnEco.
• Novamont: Italian pioneer in compostable bioplastics (Mater-Bi starch-based resins) used in bags, food service, and agricultural films. Most directly comparable to An Phat's AnEco compostable line in product category, certification portfolio, and target applications (retail bags, food service disposables, agricultural film).
• An Phat Bioplastics (AAA): Publicly listed (HSX: AAA) subsidiary of An Phat Holdings, itself a leading Vietnamese producer of compostable bags and bioplastic resins. While part of the group, AAA operates as an independent listed entity competing with AnEco in the same compostable packaging market.

Regional players

• Indorama Ventures: Thai-listed global petrochemicals and packaging producer (PET, packaging, fiber). Comparable as a Southeast Asian plastics and packaging conglomerate operating at a much larger scale, providing a regional benchmark for vertical integration across plastics and packaging value chains.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/tuyendunganphatxanh
• LinkedInlinkedin.com/company/an-phat-holdings

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries18 records

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 An Phat Holdings