SIK (VIET NAM) COMPANY LIMITED

SIK (VIET NAM) COMPANY LIMITED (CÔNG TY TNHH SIK (VIỆT NAM)) is a foreign direct investment (FDI) enterprise located at Plot A7-8, Japan – Hai Phong Industrial Park, An Hung Ward, Hong Bang District, Hai Phong City, Vietnam. Established on June 30, 2008, under Business ID: 0200540595, and registered with the Hai Phong Department of Planning and Investment, the company has built over 17 years of strong operational presence in Vietnam’s plastic and synthetic rubber manufacturing sector

As a member of the Inabata Group, SIK Vietnam is 98% owned by INABATA SINGAPORE (PTE). LTD. and 2% by SIK (Thailand) Ltd., both part of a multinational network specializing in chemical and plastic materials. The company’s leadership team includes Mr. Nakamura Isao (General Director, Japanese), Mr. Kondo Yusuke (Factory Director, Japanese), and Ms. Do T. T. H. (Chief Accountant, Vietnamese), reflecting a blend of Japanese management precision and local market expertise. With around 220 employees, SIK Vietnam has become a trusted supplier to multiple industries that require high-quality plastic raw materials and color compounds.

SIK Vietnam’s primary operations focus on producing colored plastic beads, synthetic rubber in primary forms, and plastic resins used in electronics, automotive, packaging, and household manufacturing. The company also engages in non-specialized wholesale trade and other business support services, maintaining strong relationships with manufacturers across Vietnam’s industrial zones.

Financially, SIK Vietnam recorded total sales of USD 101.47 million in fiscal year 2023, up 5.25% year on year. Profit stood at USD 2.53 million, representing a 25.58% decline, while total assets dropped to USD 39.1 million after a reallocation of capital resources. On the other hand, equity grew by 10.19% to USD 21.97 million, showing that the company remains well-capitalized. Working capital improved 13.39% year-on-year, reaching USD 18.24 million, underscoring strong liquidity and financial resilience

Despite a reduction in total assets, the company’s profitability and sales growth demonstrate solid operational efficiency and continued trust from its regional clients. The fluctuations in asset and profit levels reflect adjustments to global material price volatility and strategic optimization of production resources.

With its advanced production technology, professional Japanese management system, and expanding export network, SIK (VIET NAM) COMPANY LIMITED continues to hold a strong position in Vietnam’s plastics industry. The company’s focus on quality, reliability, and sustainability aligns with the long-term growth trends in Vietnam’s industrial manufacturing sector.

For clients and partners seeking updated information on SIK Vietnam’s 2024 financial results, risk analysis, and credit evaluation, the latest report is available through VNBIS (Vanguard Business Information LLC) to support trade credit decisions, supply chain assessment, and investment risk management.