ALWAYS CO., LTD

ALWAYS CO., LTD
CÔNG TY TRÁCH NHIỆM HỮU HẠN ALWAYS

Based in the Tan Thuan Export Processing Zone of District 7, Ho Chi Minh City, ALWAYS is a foreign-invested enterprise (FDI) that has been actively contributing to Vietnam’s industrial landscape for over 25 years. Established on 09 June 2000, the company specializes in the processing and assembly of bicycles, electric bicycles, motorcycles, sports bikes, and related accessories—marking its strong presence in the manufacturing sector under the classification of “Other manufacturing n.e.c.”

Chaired and managed by Mr. Chuang C. K., a Taiwanese national, ALWAYS operates under the legal structure of a one-member limited liability company. The firm’s registered charter capital stands at approximately USD 27.6 million, while its paid-up capital reached over USD 34.3 million as of the end of 2023. It is wholly owned by IRONMAN CO., LIMITED, a company incorporated in the British Virgin Islands, reflecting its status as a 100% foreign-owned manufacturing entity.

Despite its robust capital base and operational scale, the company has recently encountered financial headwinds. In the fiscal year ending December 2024, its total assets declined to USD 134.9 million—a notable 19.5% drop from the previous year. Revenues also slipped to USD 102.6 million, down nearly 9%, following a steeper 29% plunge in 2023. While the net loss narrowed from over USD 4 million in 2023 to USD 3.1 million in 2024, the company has now recorded two consecutive years of negative profit after a peak performance in 2022. Nevertheless, its equity base remained relatively stable at USD 33.3 million, suggesting a resilient capital foundation even amid challenging business cycles.

ALWAYS maintains both a registered office and a transaction office within the Tan Thuan EPZ. The manufacturing location covers multiple lots across Road 16 and Tan Thuan Street, providing extensive production capacity. Its long-standing activity in Vietnam and its integrated infrastructure place it in a strong position to rebound once market conditions stabilize.

The company’s continued investment in local operations and diversified assembly lines underscores its long-term vision and commitment to the Vietnamese manufacturing ecosystem. For clients or partners interested in deeper due diligence, VANGUARD BUSINESS INFORMATION LLC (VNBIS) provides comprehensive financial and operational insights through its tailored reports.