Binh Minh Plastic

Binh Minh Plastic
Type	Joint Stock Company
Traded as	HOSE: BMP
Industry	Plastic
Founded	1977
Headquarters	Ho Chi Minh City, Vietnam
Key people	Le Quang Doanh (chairman); Nguyen Hoang Ngan (General Director); Nguyen Thi Phuong Nga (Supervisory Board)
Revenue	1,852.67 bn VND (2011)[1]
Operating income	384,28 bn VND (2011)
Net income	294.53 bn VND (2011)
Website	http://www.binhminhplastic.com/

Binh Minh Plastic Joint Stock Company (Công ty Cổ phần Nhựa Bình Minh) is a Vietnamese plastics company. It is listed in the Ho Chi Minh City Stock Exchange since 2006.[1]

It is one of southern Vietnam's leading plastics companies, with major competitors being Tan Tien, Rang Dong, Tan Phu, Van Don, Minh Hung and Cong Nghia.[2]

History

Binh Minh Plastic was set up after a merger of Kepivi (Công ty ống nhựa hoá học Việt Nam) and Kieu Tinh Plastic (Công ty Nhựa Kiều Tinh công tư hợp doanh) in 1977.[1] It was part of Vinaplast Group (Tổng Công ty Nhựa Việt Nam) from 1994 until 2003, when Vinaplast was dissolved and Binh Minh Plastic became a joint stock company.[1]

Financial Information

	Turnover (bn VND)[1]	Profit before tax (vn VND)	Net profit (bn VND)
2011	1,852.67	384,28	294.53
2010	1,441.66	313.73	275.3
2009	1,156.15	285.16	249.92
2008	831.58	114.13	95.92
2007	680.23	111.27	96.01
2006	503.62	98.78	84.95
2005	423.17	66.92	66.92

Production

Binh Minh Plastic has a subsidiary in northern Vietnam with a capital stock of 100 bn VND (Công ty TNHH MTV Nhựa Bình Minh Miền Bắc),[1] which operates a factory in Pho Noi A Industrial Park in Hưng Yên Province since 2007.[3]

Construction on the companies fourth factory started in 2010 in Long An Province. It will be its largest and most modern. It is expected to start operation in 2013 and help increase output to 100,000 tonnes of products per year and revenue to 3 trillion dong.[4]

References

GaFin.vn profile Archived 2012-03-28 at the Wayback Machine
"Plastics industry development till 2020 requires US$8 billion". The Saigon Times. 2011-03-11. Archived from the original on 2011-10-06. Retrieved 2011-07-21.
"Nhựa Bình Minh ra Bắc". The Saigon Times. 2007-12-24. Archived from the original on 2011-10-04. Retrieved 2011-07-21.
"Binh Minh plastic producer invests in forth plant". Vietnam Stock Market News. 2010-09-14. Archived from the original on 2012-03-28. Retrieved 2011-07-21.

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[GaFin-1] GaFin.vn profile Archived 2012-03-28 at the Wayback Machine

[2] "Plastics industry development till 2020 requires US$8 billion". The Saigon Times. 2011-03-11. Archived from the original on 2011-10-06. Retrieved 2011-07-21.

[3] "Nhựa Bình Minh ra Bắc". The Saigon Times. 2007-12-24. Archived from the original on 2011-10-04. Retrieved 2011-07-21.

[4] "Binh Minh plastic producer invests in forth plant". Vietnam Stock Market News. 2010-09-14. Archived from the original on 2012-03-28. Retrieved 2011-07-21.