KOLON INDUSTRIES BINH DUONG COMPANY LIMITED

Established in 2017, Kolon Industries Binh Duong Company Limited is a foreign owned manufacturing enterprise specializing in polyester tire fiber, a critical material used in automotive tire reinforcement. As part of South Korea’s Kolon Industries Inc., the company operates a strategically located facility in Bau Bang Industrial Park, one of Binh Duong Province’s fastest growing textile and industrial clusters. With a workforce of approximately 500 employees, the company maintains a high precision manufacturing environment that supports both domestic and international tire producers.

Kolon Industries Binh Duong focuses on the spinning of textile fibers and the production of man made fibers used in high performance applications. Its operations demonstrate a high degree of process automation and material engineering, distinguishing the company from general textile manufacturers. A notable aspect of its development is the scale of its investment, with charter capital exceeding one hundred thirty million dollars, positioning it among the largest fiber manufacturers in southern Vietnam.

Leadership and Shareholders

The company is led by Song K. S., a South Korean executive who serves as General Director and oversees plant operations, production quality, supply chain coordination, and compliance with corporate standards. His leadership ensures alignment with the global operating practices of Kolon Industries Inc.

Kolon Industries Binh Duong is wholly owned by Kolon Industries Inc. of South Korea, which holds one hundred percent of the company’s equity. This structure provides direct access to advanced material technology, research support, and long term capital from the parent organization.

Financial Growth and Market Risks

In 2023, Kolon Industries Binh Duong achieved revenue of approximately USD 79.5 million. Although sales increased significantly compared with the previous year, the company experienced softer asset performance and relies on a capital intensive manufacturing structure. The tire fiber segment is sensitive to fluctuations in global automotive demand, raw material prices, and energy costs, all of which influence operational margins.

Key risks include dependence on global tire manufacturers, industry concentration, and working capital pressure resulting from large scale production. A fuller evaluation of liquidity, profitability, credit behavior, and operational risk is available in the VNBIS Company Comprehensive Report, which provides deeper insight into the company’s financial strength and business reliability.

Business Intelligence and Risk Outlook

As Vietnam strengthens its position in the global textile and materials industry, Kolon Industries Binh Duong is well placed to benefit from increasing demand for high performance fibers used in automotive and industrial applications. Its fully foreign owned structure and direct connection to a major Korean industrial group give it technological advantages that are difficult for domestic competitors to replicate.

Short term performance will depend on global automotive cycles and input cost stability. Longer term outlook is tied to the growth of tire manufacturing in Asia and continued investment from its parent company. Understanding the company’s operational dependencies, risk exposure, and credit position requires deeper analysis available through VNBIS advanced reporting.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a full suite of business intelligence solutions to support investors, suppliers, and financial institutions evaluating Kolon Industries Binh Duong Company Limited.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to automotive cycles, input cost risks, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance information

Through these services, VNBIS enables clients to make informed, transparent, and data driven business decisions.