Plaschem Vietnam

Name

Plaschem Vietnam

Legal name

Công Ty Cổ Phần Tập Đoàn Hóa Chất Nhựa – PLASCHEM

Website

https://plaschem.vn

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Industrial Plastic Packaging Manufacturing

NAICS

Plastics Bag and Pouch Manufacturing (326111), All Other Plastics Product Manufacturing (326199)

SIC

Plastics, Foil & Coated Paper Bags (2673), Plastics Products, Nec (3089)

akta.pro industry

PRIMARYIMALAHAM

Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery)

Industrials, Manufacturing & Construction/Packaging & Containers/Food & Beverage Packaging

SECONDARYIMALAFAL

Export & Compliance Packaging (ISPM-15, Heat-Treated Wood Packaging)

Industrials, Manufacturing & Construction/Packaging & Containers/Protective & Transport Packaging (Foam, Dunnage, Pallets, Crates)

SECONDARYCRAJAGAA

Trash Bags & Bin Liners

Consumer Products & Retail/Household Products & Cleaning Supplies/Trash Bags, Wraps & Disposable Household Supplies

Keywords

• Plastic packaging manufacturing
• BOPP film production
• Industrial park development
• FIBC bulk bags
• Cement packaging solutions

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices6 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. Plastic Packaging Manufacturing: Manufacturing and sales of plastic products including BOPP film, PE Tarpaulin, AD*STAR bags, and Jumbo bags for domestic and export markets. Revenue from product sales with 70% domestic and 30% export distribution.
2. Industrial Park Infrastructure: Development and leasing of industrial park land and infrastructure. Revenue from land lease agreements with manufacturing companies like PepsiCo Vietnam investing over 2,000 billion VND in Dong Van I Industrial Park expansion.
3. Real Estate Development: Development and sale of residential properties including low-rise houses, townhouses, apartments, and office buildings for rent. Plaschem Office Building with 17 floors achieving 95-100% occupancy rate.
4. Hotels and Resorts: Ownership and operation of Silk Path Hotels & Resorts chain including 4-star and 5-star hotels in Hanoi, Sapa, and Hue, plus golf courses.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Plaschem Vietnam manufactures and sells plastic packaging products including BOPP film, PE tarpaulin, AD*STAR cement bags, and FIBC jumbo bags through five specialized factories under the Tu Phuong brand. Beyond manufacturing, the group develops industrial park infrastructure, operates Grade A office and residential real estate, and runs the Silk Path Hotels & Resorts hospitality chain with associated golf courses in Vietnam.

Product overview

Plaschem Vietnam is a diversified industrial group established in October 1999, operating across four main business segments: (1) Plastic production and packaging including BOPP Film (Tu Phuong BOPP Film Factory), Tarpaulins (Tu Phuong Tarpaulin Factory), Jumbo Bags (Tu Phuong Jumbo Bag Manufacturing), and AD*Star Cement Bags (Tu Phuong AD*Star Bag Factory); (2) Industrial park infrastructure development including Tu Phuong Industrial Cluster (43.9 Ha in Long An) and Dong Van I Industrial Park expansion (102.78 Ha in Ha Nam); (3) Real estate development and office leasing with properties in Hanoi including Plaschem Office Building and Green Park residential; (4) Hospitality services under Silk Path Hotels & Resorts brand including hotels in Hanoi, Sapa, and Hue, plus golf courses including The Imperial Valley Golf & Country Club in Quang Ninh designed by Nick Faldo. The company exports products to Japan, Korea, Thailand, USA, Europe, and Southeast Asia.

Differentiator

Problem solved

Functional benefit

Brands

• Silk Path Hotels & Resorts: Hotel and resort management brand operating 4-star and 5-star hotels across Vietnam including Silk Path Hotel Hanoi, Silk Path Boutique Hanoi, Silk Path Grand Sapa Resort & Spa, and Silk Path Grand Hue Hotel & Spa
• Tu Phuong Tarpaulin
• Tu Phuong Jumbo
• Tu Phuong BOPP Film
• Tu Phuong Ad*star

Products and services

• BOPP Film - Tu Phuong Biaxially Oriented Polypropylene (BOPP) film produced at the Tu Phuong BOPP Film Factory in Long An province, used for flexible packaging in food (noodles, confectionery, coffee), adhesive tapes, labels, wrapping paper, and bags. Production line width 8.7m, thickness 12-60 micrometers, capacity 50,800 tons/year.
• PE Tarpaulin - Tu Phuong PE Tarpaulin products manufactured at two factories in Gia Lam, Hanoi using Starlinger Austria machinery. Total capacity of 1,600 tons/month across 5 production lines, using imported primary plastics. Applications include construction covers, agriculture, and transportation.
• Jumbo Bag - Tu Phuong Large-capacity FIBC (Flexible Intermediate Bulk Container) bags with loading capacity from 500-3,000 kg for cement, sugar, fertilizer, agriculture, petrochemical, and logistics packaging. Monthly production capacity of 180,000 bags, including export to Japan.
• AD*Star Bag - Tu Phuong Square-bottom cement bags manufactured using Starlinger technology from Austria, with hot welding on plastic-coated woven fabric. Used for cement, fertilizers, chemicals, flour, sugar, plastics packaging. Monthly capacity of 13 million bags (156 million/year), with 40-50% supplied to Holcim Vietnam and Holcim Philippines. Achieves approximately 0% breaking rate.
• Tu Phuong Industrial Cluster Industrial cluster located in Tan An city, Long An province spanning 43.9 hectares with 6 sub-zones. Legal term extends to 2065. Serves as gateway to Ho Chi Minh - Trung Luong highway with access to Highway CT01 to HCMC and western provinces.
• Dong Van I Industrial Park Expansion

Quantifiable outcome

• 30% reduction in bag production costs for domestic cement industry
• +4 more outcomes

Named customers7 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

Five partnerships are on record, tiered core and flagship.

• Hanwa (Japan)coreGTM or Marketing Partner · 19 May 2020Strategic partnership where Hanwa handles marketing and distribution activities targeting customers in Japan for BOPP film products. PLASCHEM agrees to provide stable production and regular supply of BOPP film when Tu Phuong BOPP Film Factory is operational. Both parties share information on supply conditions and market updates.
• Bruckner Maschinenbau (Germany)coreTechnology or IntegrationPrimary machinery supplier for BOPP film production line. Bruckner is a worldwide leading supplier of tailor-made engineering solutions for plastics and packaging industry with nearly 800 similar lines globally. Provides complete production line and ancillary equipment.
• Starlinger (Austria)coreTechnology or IntegrationMachinery and technology provider for AD*STAR bag and Jumbo bag production. Starlinger is a leading world corporation specializing in equipment and machinery systems for plastic and packaging industry. Provides synchronous machinery lines with exclusive technology.
• Nick Faldo / Faldo Design Inc.flagshipStrategic or Co-development PartnerWorld-renowned golf course designer engaged to design Silk Path golf courses in Vietnam including The Imperial Valley Golf & Country Club and Silk Path Golf Dong Trieu. Nick Faldo personally involved in design execution.
• PepsiCo VietnamflagshipOthersPepsiCo Vietnam invested over 2,000 billion VND to build food manufacturing plant at Dong Van I Industrial Park expansion in Ha Nam province. Land lease agreement signed December 2023 with expected completion Q3/2025.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Binh Minh Plastic JSC: Leading Vietnamese plastic manufacturer producing PVC pipes, fittings, and plastic products. Comparable as a domestic Vietnamese plastic manufacturer competing in the same geographic market and serving overlapping industrial customers, though focused on pipe rather than flexible packaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/plaschem-vietnam

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 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 Plaschem Vietnam