POLYFILL JOINT STOCK COMPANY

Established in 2016, Polyfill Joint Stock Company is a Vietnamese manufacturer specializing in filler masterbatch, compound resin, and raw materials used in the plastics industry. The company operates from Nam Dinh Vu Industrial Park in Hai Phong City and serves a broad portfolio of domestic and international clients in packaging, household plastics, construction materials, and industrial manufacturing. With approximately 200 employees, Polyfill manages a vertically structured production environment that spans material processing, technical formulation, and quality control.

A notable strength of the company is its integration of additive formulation, material compounding, and multiple downstream plastic applications within a single production ecosystem, giving Polyfill agility in meeting client specifications across different industries.

Leadership and Shareholders

The company is chaired by Hoang Q. H., who oversees strategic development, corporate governance, and investor engagement. Operational management is led by Vu D. H., who is responsible for production efficiency, supply chain coordination, and market development.

Polyfill’s shareholder structure includes a mix of institutional and individual Vietnamese investors. European Plastic Joint Stock Company holds 48 percent of the equity, serving as the principal shareholder. Other major shareholders include Hoang Q. H. with 14.5 percent, Huynh S. T. with 12 percent, Vu D. H. with 11.5 percent, and Nguyen D. V. with 11 percent, reflecting a diversified ownership structure with strong industry alignment.

Financial Growth and Market Risks

In 2023, the company generated revenue of approximately USD 80.21 million, reflecting a fourteen percent increase compared with the previous year. Profit improved significantly and total assets grew moderately, although equity declined slightly due to internal capital adjustments.

Polyfill operates in a sector heavily influenced by global resin prices, import dependence for key inputs, energy cost fluctuations, and competitive dynamics among domestic plastic material producers. Exposure to export market cycles and customer concentration may also affect long term financial resilience. A complete assessment of liquidity, profitability, credit exposure, and operational risks is available in the VNBIS Company Comprehensive Report, which provides deeper insights for investors, lenders, and commercial partners.

Business Intelligence and Risk Outlook

Polyfill is positioned to benefit from the continued growth of Vietnam’s plastics industry, supported by increasing domestic manufacturing demand and export opportunities. Its production base in Hai Phong provides access to industrial clusters and port logistics that enhance competitiveness in regional trade.

Short term performance will depend on raw material pricing stability, supply chain efficiency, and the company’s ability to maintain production quality at competitive cost levels. Over the long term, Polyfill’s diversified business registrations and strong shareholder backing provide a foundation for continued development in high volume plastic material markets.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating Polyfill Joint Stock Company and its financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to resin price movements, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance performance

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