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MASAN TUNGSTEN LIMITED LIABILITY COMPANY

Active

Business ID 4601163743

MASAN TUNGSTEN LIMITED LIABILITY COMPANY

Active

Business ID 4601163743

MASAN TUNGSTEN LIMITED LIABILITY COMPANY

Active

Summary

Name:

MASAN TUNGSTEN LIMITED LIABILITY COMPANY

Business ID (TIN):

4601163743

Date of Registration:

15 Jan 2014

Registered Office:

Thai Nguyen Province Department of Planning and Investment

Address:

Suoi Cat Hamlet, Ha Thuong Commune, Dai Tu District, Thai Nguyen Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

MASAN TUNGSTEN LIMITED LIABILITY COMPANY (Vietnamese name: CÔNG TY TNHH VONFRAM MASAN) is a privately held enterprise and a pivotal part of Vietnam’s rare metals sector. Officially established on January 15, 2014, the company is headquartered at Suoi Cat Hamlet, Ha Thuong Commune, Dai Tu District, Thai Nguyen Province, Vietnam, and is legally registered under tax code 4601163743. As a subsidiary of Nui Phao Mining Company Ltd., MASAN TUNGSTEN specializes in the manufacture of midstream tungsten products—positioning itself at the heart of Vietnam’s value-added mineral processing industry.

The company operates with a charter capital of over USD 133 million and employs approximately 300 workers across its production site and representative office in Hanoi. Under the direction of Mr. Ashley J. M., an Australian national serving as General Director, MASAN TUNGSTEN has developed a sophisticated processing capability that transforms raw tungsten concentrate into high-purity products for use in electronics, aerospace, energy, and automotive industries.

In terms of financial performance, 2023 marked a mixed year. While total assets stood at a substantial USD 343.69 million, they declined 5.79% year-over-year after peaking in 2022. Sales fell by 18.79%, down to USD 161.36 million from USD 198.69 million in 2022, signaling reduced demand or pricing pressures in global tungsten markets. More critically, net profit plunged by 91.94%, dropping from USD 22.67 million to just USD 1.83 million. Despite this profit erosion, the company’s equity rose marginally to USD 153.55 million, reflecting continued reinvestment and capital retention.

A positive signal lies in the company’s strong working capital of USD 57.04 million, which provides critical financial flexibility. This liquidity buffer is essential for an enterprise exposed to commodity price cycles and high capital expenditures. However, declining profitability is a warning flag for credit risk managers, especially when analyzing the company’s ability to meet medium-term obligations or invest in technology upgrades without external financing.

Given its ownership by Nui Phao Mining Company Ltd.—a key player in Vietnam’s strategic mineral value chain—MASAN TUNGSTEN benefits from vertically integrated operations, securing upstream supply and operational control. Yet, as a business reliant on global market trends for specialty metals, its exposure to geopolitical and economic shifts must not be underestimated.

For stakeholders, especially those considering credit terms, insurance, or supply partnerships, VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive due diligence services including credit risk assessment, litigation checks, and ownership verification. These tools are crucial when dealing with high-value manufacturing firms like MASAN TUNGSTEN, where profitability can swing sharply due to commodity price volatility and global demand dynamics.

In summary, MASAN TUNGSTEN LIMITED LIABILITY COMPANY remains a strategically important but financially sensitive enterprise. While asset strength and capital structure are positive indicators, declining profitability necessitates close monitoring through VBI’s independent reporting and business intelligence solutions.

Legal Profile

English Name:

MASAN TUNGSTEN LIMITED LIABILITY COMPANY

Vietnamese Name:

CÔNG TY TNHH VONFRAM MASAN

Short Name:

MASAN TUNGSTEN LLC

Business ID (TIN):

4601163743

Date of Registration:

15 Jan 2014

Registered Office:

Thai Nguyen Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

ASHLEY J.M

Address:

Suoi Cat Hamlet, Ha Thuong Commune, Dai Tu District, Thai Nguyen Province, Vietnam

Representative office:

15th Floor, Hoa Binh Tower, No. 106, Hoang Quoc Viet Street, Ngoc Ha Ward, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

2420 Manufacture of precious and non-ferrous metals

NACE:

24.4 Manufacture of basic precious and other non-ferrous metals

NAICS:

3314 Nonferrous Metal (except Aluminum) Production and Processing

Industry Sales Growth

CAGR (2019 - 2023)

6.69%

YoY (2023)

-22.10%

Companies by industry

Company distribution and propportions

621

0.0214%

Key Industry Players

Top 10 companies in manufacture of precious and non-ferrous metals industry

vinacomin - minerals holding corporation dong viet non-ferrous metal and plastic joint stock company thye ming (vietnam) industrial co., ltd toan phat copper tube joint stock company thanglong metallurgy company limited ngoc thien limited company masan tungsten limited liability company chien thang industrial company limited lao cai-vimico copper metallurgy- branch of vinacomin - minerals holding corporation jintian copper industrial (vietnam) company limited

Payment History

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Financial Performance

Assets	5.94%
Owner’s Equity	-57.15%
Working Capital	94.92%
Net Worth	54.05%
Sales	-95.33%
Operating income	-61.18%
EBIT	-44.35%
Gross Profit Margin	36.53%
Debt to EBITDA	-10.30%

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Specific Questions About MASAN TUNGSTEN LIMITED LIABILITY COMPANY

When did MASAN TUNGSTEN LIMITED LIABILITY COMPANY start operating?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY was started in 15 Jan 2014

What industry does MASAN TUNGSTEN LIMITED LIABILITY COMPANY operate in?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY is operating in "Manufacture of precious and non-ferrous metals" industry

How can I contact MASAN TUNGSTEN LIMITED LIABILITY COMPANY?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY don't share phone numbers information

What adverse news is there about MASAN TUNGSTEN LIMITED LIABILITY COMPANY?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY’s has no negative news

What is stock symbol of MASAN TUNGSTEN LIMITED LIABILITY COMPANY?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY is not listed company

Where is the location of MASAN TUNGSTEN LIMITED LIABILITY COMPANY?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY is located at Suoi Cat Hamlet, Ha Thuong Commune, Dai Tu District, Thai Nguyen Province, Vietnam

What is MASAN TUNGSTEN LIMITED LIABILITY COMPANY’s business registration?

MASAN TUNGSTEN LIMITED LIABILITY COMPANY business registration is 4601163743

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