An Phat Holdings’ bioplastics will be distributed throughout North America

Posted on 21/03/2022 by adminmkt

Through AFC Ecoplastics – a new member based in Texas (USA), An Phat Holdings officially co-operated with Nexeo Plastics – a leading global thermoplastics resin distributor to distribute bioplastics throughout Canada, Mexico and the United States.

These bio-compounds meet ASTM D6400 for industrial composting and grades that are 30% biobased and 80% biobased, which are often ideal options for applications such as cutlery, straws, caps and closures.

Mr. Nirav Patel, CEO of AFC Ecoplastics, member of the Board of Directors of An Phat Holdings said: “Nexeo Plastics is known as a leader in new technologies for plastics processors, and we are pleased to be part of a relationship to bring new, innovative compostable and biodegradable compounds to the marketplace”.

Mr. Arturo Hoyo, Nexeo Plastics’ Vice President of Product Line Management also said: “Our company is committed to providing customers with a large variety of high performing resins and compounds, including sustainable alternatives for single use applications”. He also appreciated, An Phat Holdings’ biodegradable plastic materials are durable and flexible and can be processed on existing machinery.

Mr. Pham Anh Duong – Chairman of An Phat Holdings said: “North America, especially the United States, has always been our strategic goal in expanding the international market. The compostable materials and products have been the strength of An Phat Holdings for more than a decade. With new investments, we will certainly bring different values in the supply chain for global green materials application”.

An Phat Holdings positions the Americas as a key market, special focus on the United States, Canada and Mexico with packaging products and bioplastics. An Phat Holdings has successfully registered a trademark for the AnEco – The first Vietnam’s compostable product brand in the United States. That means AnEco is not only protected by law, but also opens the way to create great opportunities for An Phat Holdings to carry out business co-operation projects, bringing the product to a large number of consumers in the US in particular and North America. Recently, in Hai Phong, An Phat Holdings broke ground to build a PBAT Compostable Resin Plant with a capacity of 30,000 tons/year. When operating, the factory will help An Phat Holdings get outstanding advantages to dominate the market as well as expand into international markets.

Currently, An Phat Holdings has two new members operating commercially in the USA, and also continuously conducts investment promotion activities with international funds, organizations and enterprises in this market.

This co-operation with Nexeo Plastics continues to mark an important step of An Phat Holdings in expanding and penetrating the American market, especially the North American.

An Phat Holdings is the leading company in the field of advanced technology and environment-friendly plastic production in Southeast Asia; the first enterprise in export thin film packaging, the pioneer in the development of compostable products and material as well as in the production and trade of plastic materials and the supporting industries…

An Phat Holdings has 16 subsidiaries, more than 5,000 employees in Vietnam and many countries around the world. The Group’s customers are present in more than 70 countries and regions around the world such as Europe, the US, Japan, Korea, Singapore, the United Arab Emirates, Taiwan, the Philippines…

Currently, the strategic project – the PBAT compostable resin plant, is being accelerated and expected to go into operation in 2024. At that time, An Phat Holdings will officially expand into the global green raw materials supply chain.

Nexeo Plastics, founded in 1973, is a leading global thermoplastic resins distributor, representing quality products from world-class suppliers, and serving a diverse customer base across North America, Latin America, Europe, the Middle East, Africa and Asia. Now, products of Nexeo Plastics are present in more than 60 countries with more than 8,500 materials serving different industries including automotive, healthcare, packaging, wire and cable, 3D printing…etc.