Hanoi, October October 2020 – Today, the International Finance Corporation (IFC) announced its cooperation with An Phat Holdings (APH) and an expected investment of US$20 million to fund APH’s first compostable material manufacturing plant in Vietnam.
In detail, IFC plans to invest US$20 million in APH to support the implementation of the PBAT plant in the form of a 7-year convertible loan that can be converted into APH shares. Previously, on June 22, 2020, APH successfully carried out IPO and announced its plan to list 132.6 million shares with the aim of calling for investment in building the largest compostable material manufacturing plant in Southeast Asia. With this project, APH will take the initiative in raw materials, reduce product costs, create a competitive advantage, and make environmentally friendly products popular in both domestic and international markets.
According to IFC, prior to making investment decisions, the Organization made a thorough analysis of APH’s financial capacity, potential and development prospects, and its PBAT projects. Accordingly, one of the most important reasons when IFC chooses to invest in APH’s compostable material manufacturing plant is its high possibility of success that help APH improves its competitive moat, especially when APH is the first manufacturer of compostable products in Vietnam. Beyond the project, IFC holds a strong belief in APH’s business goal to promote sustainability of the enterprise as well as appreciates the responsibility of APH for the environment, society and corporate governance (ESG).
Furthermore, the Project outcomes rating is strong base on the Group’s years of experience, demonstrated by having operated facilities with an annual capacity of 96,000 tons of thin monolayer film each year, the products are present in nearly 70 countries around the world, possessing a well-known customer base… Currently, AAPH is the largest thin monolayer film manufacturer in Southeast Asia, accounting for 20 percent of Vietnam’s exports. Also, APH’s products currently present in nearly 70 countries around the world with a loyal customer base.