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PHU TAI JOINT STOCK COMPANY

PHU TAI JOINT STOCK COMPANY


Project Description

OVERVIEW

Phu Tai Joint Stock Company (PTB), formerly known as Phu Tai State-owned Company, has been put into operation under the model of a joint stock company since 2004. The Company has its main business in mining, processing and exporting wood, building stone materials and trade an maintenance of Toyota automobiles. PTB can manufacture tile rock with a capacity of over 4.3 million m2 per year and process wood products with a capacity of over 20,000 m3 per year. Besides, the Company also trade, repair and maitain automobiles. The market shares of the Company on stone products appear in many cities: Hanoi, Hai Phong, Vinh, Da Nang, Binh Dinh, Binh Duong, Ho Chi Minh City, Can Tho. Wood products are exported to Europe, America.

MAIN BUSINESS

  • Outdoor furniture and indoor decorative furniture;
  • Natural granite and bazalt based products;
  • Selling cars and providing car-related services for Toyota Vietnam;
  • Supplying high quality raw timber;
  • Office and factory building leasing;
  • Traditional export products: furniture, granite and bazalt products.

MARKET POSITION

  • Business capacity of the company is: wall tiles stones Manufacturing: over 4.3 million m2/year, wooden furniture manufacturing: over 20,000 m3/year. Car repairing services of Toyota vehicles:36,000 visits/year and sales of 2,300 automobiles/year.
  • PTB is managing 11 granite rock, basal and crushed rock quarries with a reserve of approximately 52.7 million m3 and an exploitation period of over 20 years.
  • Company is one of few enterprises that can satisfy the requirement of proving origin of timber
  • The production network is present at Ha Noi, Hai Phong, Vinh, Da Nang, Binh Dinh, Binh Duong, Ho Chi Minh City, Can Tho…
  • The company has built up a system of business offices, factories, branches in core cities of Vietnam

GROWTH STRATEGY

  • For wood products, the company will promote the research and development of new higher quality products; expoit stable input material sources.
  • For grannit manufacturing, the company combines between domestic input materials and imported materials to diversify products; exploit effectively existing mines to provide for production.
  • To promote marketing and expand new market. Invest in infrastructure, plant machinery, equipment to meet the needs business development, improve product quality and competitiveness of the Company

PROSPECTIVES

  • Viet Nam Forest and Wood Association estimates that wood products export will reach the USD4 billion while the global wood products purchasing power is about USD230 billion annually.
  • Mineral source served for stone manufacture is abudant such as: Grannit stone, bazan stone, marbale stone…with huge reserves.
  • Stone production business continues to grow. In addition to the increase in demand of construction industry, the expansion of the Plant 380 and Stone processing Plant in An Phu stone will help the company increase production capacity. In the long term, along with the recovery of the construction industry, stone manufacturing and merchandising is expected to create steady cash flow for the company.

RISK

  • Shortage of electricity reduced capacity of the factories and negatively affect the productivity of manufacturing activities.
  • Bad debts of enterprises remain high and demand of consumption face difficulties.
  • Price of materials fluctuates unpredictably.