PETROLIMEX ASPHALT COMPANY LIMITED

PETROLIMEX ASPHALT COMPANY LIMITED (CÔNG TY TNHH NHỰA ĐƯỜNG PETROLIMEX) is a major Vietnamese manufacturer and distributor of asphalt products, operating under the prestigious PETROLIMEX brand. Established on January 5, 2006, the company is registered as a one-member limited liability company with full ownership by PETROLIMEX PETROCHEMICAL CORPORATION - JSC. Tax Code identifies it: 0106939537, and its head office is located on the 19th Floor, Mipec Tower, No. 229, Tay Son Street, Nga Tu So Ward, Dong Da District, Ha Noi City, Vietnam.

With 260 employees, PETROLIMEX ASPHALT COMPANY LIMITED has built an extensive operational footprint nationwide through branches in Hai Phong, Da Nang, and Binh Dinh. Mr. Phan Q. P. chairs the company, while the day-to-day operations are overseen by Ms. Le T. N. B., the Director. Its core business focuses on producing and selling asphalt products, alongside activities in fuel trading, chemical manufacturing, real estate, and logistics services.

In 2023, PETROLIMEX ASPHALT COMPANY LIMITED recorded total sales of USD 151.1 million, a decrease of 9.33% from the previous year. Despite this revenue contraction, the company maintained a profit of USD 3.11 million, representing a 27.66% decline year-on-year. The firm’s total assets stood at USD 73.47 million, slightly down by 3.73%, and owner’s equity fell to USD 17.01 million, marking a 4.4% reduction. Working capital remained positive at USD 3.35 million, suggesting adequate liquidity for short-term obligations.

Although the company’s financials in 2023 reflected a general downturn following two strong growth years, PETROLIMEX ASPHALT COMPANY LIMITED remains financially stable. The decrease in profit and equity may indicate margin compression due to input cost volatility or reduced demand from infrastructure projects. However, the company’s national scale, brand strength, and support from its parent corporation provide a solid foundation for resilience.

With nearly two decades in the industry and continued strategic relevance in Vietnam’s road and infrastructure development, PETROLIMEX ASPHALT COMPANY LIMITED retains a leading role in the asphalt market and is well-positioned to rebound in a more favorable economic cycle.