AROMA BAY CANDLES COMPANY LIMITED

AROMA BAY CANDLES COMPANY LIMITED is one of the largest candle manufacturers in Hải Phòng, operating as a 100% foreign-invested enterprise specializing in export production. Established in 2008, the company has grown into a sizeable operation with 2,000 employees, a modern factory in Hồng Đào Ward, and a strong presence in global candle supply chains.

Despite its scale, the company faced a significant decline in 2023. Sales dropped to USD 93.77 million (▼30%), and profit fell sharply to USD 7.26 million (▼61%). Total assets have gradually decreased over the last three years, reaching USD 55.2 million, while equity slipped slightly to USD 46.49 million. This downturn reflects global demand contraction in home décor and scented products, as well as rising costs across export manufacturing.

Owned entirely by Zhejiang Meto Aroma Tech Inc (China), AROMA BAY benefits from strong overseas backing and established export channels. Its registered activities include manufacturing candles, cosmetics, detergents, corrugated packaging, and other chemical-related products—allowing operational flexibility beyond candles alone.

Even with current financial pressure, AROMA BAY remains a significant employer and manufacturer in Hải Phòng. Its long-term stability will depend on market recovery, improved cost control, and the ability to diversify its product mix to reduce dependency on a single export category.