COATS PHONG PHU LIMITED LIABILITY COMPANY

COATS PHONG PHU LIMITED LIABILITY COMPANY (CÔNG TY TNHH COATS PHONG PHÚ) represents a prominent example of international and domestic cooperation in Vietnam’s textile and garment supply chain. Established on December 11, 2008, and operating under Business ID and TIN 0300828098, the company has developed over 16 years into one of the country’s leading manufacturers of industrial sewing threads used across apparel, footwear, and accessories.

Strategically headquartered in Thu Duc City, Ho Chi Minh City, Coats Phong Phu is a joint venture between Coats Southern Holdings B.V. (United Kingdom), which holds a 64.35% ownership stake, and Phong Phu Corporation (Vietnam), which holds the remaining 35.65%. This structure reflects a balance of global expertise and local insight—an asset that has allowed the company to scale its operations while maintaining high production standards.

Financially, Coats Phong Phu has experienced a challenging fiscal year in 2023. The company recorded sales of USD 181.94 million, down 13.34% from the previous year. Net profit dropped to USD 47.16 million, reflecting a 17.99% decline, while total assets also fell by 8.73% to USD 95.94 million. Despite this contraction, the firm maintained a working capital position of USD 41.97 million, suggesting solid liquidity. Equity stood at USD 61.73 million, down 13.83%, yet still marking a strong capitalization for a manufacturing operation of its scale.

With over 1,700 employees, the company runs a large-scale production network that includes a main factory in Ho Chi Minh City and a significant facility in Pho Noi B Textile & Garment Industrial Park, Hung Yen Province. The firm is chaired by Mr. Tran Quang Nghi, with Mr. Nishant Manuja from India serving as General Director. Ms. Nguyen Thi Tuyet Van leads financial operations as Financial Director.

While the downturn in 2023 performance reflects global headwinds in the textile industry, including shifting demand, supply chain costs, and post-pandemic recalibration, Coats Phong Phu remains a structurally sound business with high brand recognition and institutional support. Its affiliation with Coats Group, a century-old UK-based thread manufacturing giant, enhances its credibility and access to global innovation.

The company’s operational versatility is also worth noting. Beyond spinning of textile fibres, Coats Phong Phu engages in specialized wholesale, logistics support, data processing, and e-commerce-related services, indicating a strategic move toward integrated supply chain solutions.

For institutional investors, buyers, and partners, VANGUARD BUSINESS INFORMATION LLC (VBI) offers in-depth Company Reports, Risk Assessments, and financial due diligence for a comprehensive understanding of Coats Phong Phu’s performance and potential.