plastics resin and synthetic rubber industry report …€¦ · executive summary 4 • primeval...
Post on 01-Jun-2020
22 Views
Preview:
TRANSCRIPT
1
PLASTICS RESIN AND SYNTHETIC RUBBER INDUSTRY REPORT Q2/2018
TABLE OF CONTENTS
2
Abbreviations 3 3. Raw plastic resins 68
Executive summary 4 4. Synthetic rubber 80
I. Business environment 6 5. Price-affecting factors 84
1. Macroeconomic situation 7 IV. Industry risks 86
2. Legal framework 10 1. Industry risks 87
3. Trade agreements 14 2. SWOT analysis 89
II. Global market 16 V. Industry trend, forecast and planning 91
1. Definition and classification 17 1. Industry development trend 92
2. Value chain of the industry 20 2. Forecast for Global market 93
3. Input materials 23 3. Industry development planning 97
4. Raw plastic resins 39 4. Forecast for Vietnam market 100
5. Synthetic rubber 56 VI. Enterprise analysis 105
III. Vietnam market 63 1. Enterprise introduction 106
1.. Industry scale 64 2. Financial analysis 108
2. Input materials 65 VII. Appendix of financial statements 118
Abbreviations
3
Abbreviation Full Name Abbreviation Name
BR Butadien Rubber PET Polyethylene Terephthalate
CIS Commonwealth of independent states PP Polypropylene
ISRG International Rubber study group PS Polystyrene
HIPS High Impact Polystyrene PVC Poly Vinyl Chloride
HPE High Density Polyethylene SBR Styrene Butadien Rubber
LLDPE Low Density Polyethylene TPP Trans-Pacific partnership
NAFTA North America Free Trade Area VPA Vietnam plastic association
PE Polyethyelene
Executive summary
4
• Primeval plastics and synthetic rubber are important input materials
for many industries, especially plastics and automobile industry.
• China takes the lead in thermoplastic production, with an output of
92.1 tons in 2016.
• In 2016, global sales of polymer-based products reached 851 billion
USD, up 6.2% compared to 2015.
• Global synthetic rubber production and consumption has been on the
upward trend in recent years, much greater than those of natural
rubber.
Content is intentionally removed for demo purpose
Executive summary
5
• Production of plastic materials and additives in Q1/2018 was
estimated at 208 thousand tons, of which main products are Poly
Acetal, polyethers and epoxy resins; polycarbonate, polyalkylether and
other polyesters, primary forms, etc.
• Imports of synthetic rubber in Q1/2018 was estimated at USD 146.7
million, up 5% over the same period in 2016, while synthetic rubber
exports reached USD 5.5 million.Content is intentionally removed for demo purpose
TABLE OF CONTENTS
Part I. Business environment
1. Macroeconomic situation
2. Legal framework
3. Trade agreements
6
Part I. Business environment
1. Macroeconomic situation
7
Source: VIRAC, GDVC
Source: VIRAC, GSO
USD billion
Imports of plastic raw materials and percentage contribution to total turnover,
2010 – Q1/2018
GDP growth rate by quarter, 2015 - Q1/2018
Content is intentionally removed for demo purpose
8
Part I. Business environment
1. Macroeconomic situation
Source: VIRAC, SBV
USD/VND exchange rate, 2013 – 3/2018
Source: VIRAC, SBV
CNY/VND exchange rate, 1/2016-3/2018
Content is intentionally removed for demo purpose
9
M&A activities in plastics industry
Source: VIRAC
Part I. Business environment
1. Macroeconomic situation
Source: VIRAC, FIA
Vietnamese plastic enterprise’s SCG ownership, 2017
FDI attraction by sector, Q1/2018
Content is intentionally removed for demo purpose
10
TABLE OF CONTENTS
Part I. Business environment
1. Macroeconomic situation
2. Legal framework
3. Trade agreements
11
Part I. Business environment
2. Legal framework
• The Ministry of Finance issued Circular No. 159/2012/TT-BTC regulating the application of the Law on Environmental Protection,
• Circular No. 107/2013/TT-BTC issued by the Ministry of Finance revises the preferential import tax rate for some commodities in the preferential import
tariff, which has been applied since 9/26/2013.
Content is intentionally removed for demo purpose
12
Part I. Business environment
2. Legal framework
Content is intentionally removed for demo purpose
13
Part I. Business environment
2. Legal framework
Content is intentionally removed for demo purpose
14
TABLE OF CONTENTS
Part I. Business environment
1. Macroeconomic situation
2. Legal framework
3. Trade agreements
15
Part I. Business environment
3. Trade agreements
Content is intentionally removed for demo purpose
• The plastic industry is opened to positive signals thanks to priorities brought about by free trade agreements.
• Joining free trade agreements has helped Vietnam to attract immensly FDI.
TABLE OF CONTENTS
Part II. Global market
1. Definition and classification
2. Value chain of the industry
3. Input materials
4. Raw plastic resins
5. Synthetic rubber
16
17
Part II. Global market
1. Definition and classification – 1.1 Raw plastic resins
Classification by polymer effect with temperature
Content is intentionally removed for demo purpose
Thermoplastic production share, 2015
Thermoset plastic production share, 2015
Source: VIRAC, ICIS
Source: VIRAC, ICIS
Part II. Global market
1. Definition and classification – 1.1. Plastic resins
Polymer usage structure, 2015
Source: VIRAC, ICIS
18
Content is intentionally removed for demo purpose
Source: VIRAC, Rubbernews
Synthetic rubber production structure, 2015
Part II. Global market
1. Definition and classification – 1.2. Synthetic rubber
19
Content is intentionally removed for demo purpose
• Synthetic rubber is a compound made from chemical reactions which is mainly
comprised of oil and gas.
• Synthetic rubber is classified via multiple ways.
20
TABLE OF CONTENTS
Part II. Global market
1. Definition and classification
2. Value chain of the industry
3. Input materials
4. Raw plastic resins
5. Synthetic rubber
21
Source: VIRAC, ICIS
Part II. Global market
2. Value chain of the industry
Content is intentionally removed for demo purpose
Part II. Global market
2. Chain value of the industry
22
Content is intentionally removed for demo purpose
• Oil refinery plants:
• The oil refinery technology with various raw material combination alters chemical features to generate desirable products.
23
TABLE OF CONTENTS
Part II. Global market
1. Definition and classification
2. Value chain of the industry
3. Input materials
4. Raw plastic resins
5. Synthetic rubber
24
Source: VIRAC, ICIS
Part II. Global market
3. Input materials – 3.1 Overview
Content is intentionally removed for demo purpose
25
Source: VIRAC, IHS
Part II. Global market
3. Input materials – 3.1 Overview
Monomer input materials structure, 2016
Content is intentionally removed for demo purpose
Part II. Global market
3. Input materials – 3.1. Overview
Source: VIRAC, ICIS
Source: VIRAC, ICIS
Products gained from Naphtha distillation, 2015
Products gained from Ethane distillation, 2015
26
Content is intentionally removed for demo purpose
27
Source: VIRAC, ICIS
Source: VIRAC, ICIS
Part II. Global market
3. Input materials – 3.2 Ethylene
Million tonsGlobal ethylene supply and demand, 2010 - 2017f
Ethylene’s application in plastic materials production, 2016
Content is intentionally removed for demo purpose
28
Source: VIRAC, Stratas Advisor
Part II. Global market
3. Input materials – 3.2 Ethylene
Million tons
Source: VIRAC, IHS
Source: VIRAC, Statista
Ethylene production structure, 2016
Ethylene dichloride consumption by region, 2016
Ethylene production capacity and demand by region 2015
Content is intentionally removed for demo purpose
29
Part II. Global market
3. Input materials – 3.2 Ethylene
Global ethylene prices, 5/2017 – 4/2018
Source: VIRAC, Platts
EUR/ton
Content is intentionally removed for demo purpose
30
Source: VIRAC, Uncomtrade
Source: VIRAC, UncomtradeSource: VIRAC, Uncomtrade
Part II. Global market
3. Input materials – 3.2 Ethylene
Million tonsUSD billion
Global ethylene export structure, 2016Ethylene import structure, 2016
Global ethylene trade, 2011 - 2017
Content is intentionally removed for demo purpose
31
Source: VIRAC, ICIS
Part II. Global market
3. Input materials – 3.3 Propylene
Million tons
Source: VIRAC, ICIS
Global Propylene supply - demand, 2010 - 2017f
Propylene production structure by region, 2016
Content is intentionally removed for demo purpose
32
Source: VIRAC, ICIS
Part II. Global market
3. Input materials – 3.3 Propylene
Million tons USD billion
Global propylene prices, 5/2017 – 4/2018
Source: VIRAC, Platts
EUR/ton
Global propylene trade, 2011 - 2017
Content is intentionally removed for demo purpose
33
Part II. Global market
3. Input materials – 3.4 Butadien
Million tons
Source: VIRAC, IHS
Global butadiene capability and production, 2011 - 2015
Butadiene production structure by country, 2017
Content is intentionally removed for demo purpose
34
Source: VIRAC, IHS
Part II. Global market
3. Input materials – 3.4 Butadien
Source: VIRAC, American Chemical Society
Butadiene consumption structure by type, 2017
SBR consumption by region, 2017
Content is intentionally removed for demo purpose
35
Source: VIRAC, Bloomerg
Part II. Global market
3. Input materials – 3.4 Butadien
USD/ton
Butadiene prices, 1/2017 – 11/2017
Content is intentionally removed for demo purpose
36
Source: VIRAC, HIS, ICIS
Butadiene production capacity of some companies in the world
Part II. Global market
3. Input materials – 3.4 Butadien
No. Company Country Capacity (ton/year) Operation time
Content is intentionally removed for demo purpose
37
Source: VIRAC, IHS
Part II. Global market
3. Input materials – 3.5 Benzene
Million tons
Global benzene supply and demand, 2012 – 2017f
Content is intentionally removed for demo purpose
38
Source: VIRAC, IHS
Part II. Global market
3. Input materials – 3.5 Benzene
Source: VIRAC, Plastic New Europe
Fluctuations of Benzene prices, 5/2017 – 5/2018
EUR/ton
Structure of benzene use in the world, 2015
Content is intentionally removed for demo purpose
39
TABLE OF CONTENTS
Part II. Global market
1. Definition and classification
2. Value chain of the industry
3. Input materials
4. Raw plastic resins
5. Synthetic rubber
40
Source: VIRAC, Europe Plastic Source: VIRAC, Europe Plastic
Part II. Global market
4. Raw plastic resins – 4.1 Production
Million tons
Global plastic materials production, 2009 – 2016ePlastic materials production structure by region, 2016
Content is intentionally removed for demo purpose
41
Part II. Global market
4. Raw plastic resins – 4.1 Production
Content is intentionally removed for demo purpose
42
Part II. Global market
4. Raw plastic resins – 4.1 Production
Global polymer production capacity, 2016
Source: VIRAC, Cefic Chemdata International 2016
Million tons
Million tons
Source: VIRAC, Cefic Chemdata International 2016
Plastic resin production capacity by region, 2016
Content is intentionally removed for demo purpose
43
Part II. Global market
4. Raw plastic resins – 4.2 Consumption
Global polymer sales, 2006 - 2016
USD billion
Source: VIRAC, Cefic Chemdata International 2016
Polymer sales by region, 2016
Source: VIRAC, Cefic Chemdata International 2016
Content is intentionally removed for demo purpose
44
Source: VIRAC, VPA
Source: VIRAC, Statista
• Plastic resins have a wide variety of use cases for multiple sectors.
Part II. Global market
4. Raw plastic resins – 4.2 Consumption
Kg/person
Polymer consumption structure by sector 2015
Content is intentionally removed for demo purpose
Global per capita plastic material consumption by region, 2015
45
Source: VIRAC, ICIS
Source: VIRAC, AMI
Part II. Global market
4. Raw plastic resins – 4.2 Consumption
Million tons
Global polymer consumption demand, 2010 – 2016e
Polymer consumption demand by region, 2016
Content is intentionally removed for demo purpose
46
Source: VIRAC, Platts
Source: VIRAC, IHS
Part II. Global market
4. Plastic resins – 4.2. Consumption
Source: VIRAC, ICIS
PE demand by region, 2016
PE consumption by type, 2016
PE consumption by use case, 2016
47
Source: VIRAC, UN Comtrade
Part II. Global market
4. Raw plastic resins – 4.3 Import export
USD
billion
Raw plastic resins exports by value, 2013 – 2017e
Source: VIRAC, UN Comtrade
USD
billion
World’s top largest raw plastic resins exporting countries, 2016 - 2017Content is intentionally removed for demo purpose
48
Source: VIRAC, UN Comtrade
Part II. Global market
4. Raw plastic resins – 4.3 Import export
USD
billion
Source: VIRAC, UN Comtrade
Raw plastic resins imports by value, 2013 – 2017e
World’s top largest Polymer importing countries, 2016 - 2017
Content is intentionally removed for demo purpose
49
Part II. Global market
4. Raw plastic resins – 4.3 Import export
Source: VIRAC, Plastic Insight
Source: VIRAC, Plastic Insight
USD
billion
USD billion
World’s top largest PE exporting countries, 2016 - 2017
World’s top largest PE importing countries, 2016 - 2017
Content is intentionally removed for demo purpose
50
Source: VIRAC ,Bloomberg
EUR/ton
Polymer prices, 5/2015 – 4/2018
Part II. Global market
4. Raw plastic resins – 4.4 Price movement
Content is intentionally removed for demo purpose
51
Source: VIRAC, ICIS
China
Part II. Global market
4. Raw plastic resins – 4.5 Characteristics of some main polymer producing markets
Thousand tons PVC production and consumption in China, 2010 – 2025f
Content is intentionally removed for demo purpose
Source: VIRAC, Europe Plastic
Europe’s polymer production, 2011- 2016
Part II. Global market
4. Plastic resins – 4.5 Characteristics of some main polymer producing markets
Europe
52
Content is intentionally removed for demo purpose
Key European polymer im-exporting markets, 2016
Million
tons
Source: VIRAC, Europe Plastic
Part II. Global market
4. Plastic resins – 4.5 Characteristics of some main polymer producing markets
Source: VIRAC, Europe Plastic
Source: VIRAC, Europe Plastic
Europe’s polymer usage by sector, 2016 Europe’s polymer usage by types, 2016
Europe’s polymer demand by country, 2016
53
Content is intentionally removed for demo purpose
54
Source: VIRAC, Statista
Part II. Global market
4. Raw plastic resins – 4.5 Characteristics of some main polymer producing markets
Billion pounds Polymer production in America, 2008 -2016
Content is intentionally removed for demo purpose
55
Part II. Global market
4. Raw plastic resins – 4.5 Characteristics of some main polymer producing markets
The rest of Asia – Potential Demand
Content is intentionally removed for demo purpose
56
TABLE OF CONTENTS
Part II. Global market
1. Definition and classification
2. Value chain of the industry
3. Input materials
4. Raw plastic resins
5. Synthetic rubber
57
Source: VIRAC, IRSG
Source: VIRAC, IRSG
Source: VIRAC, IRSG
Part II. Global market
5. Synthetic rubber – 5.1 Production and consumption
Thousand tonsGlobal rubber production and consumption, 2010 – 9M/2017 Rubber production structure in the world, 2010- 9M/2017
Global rubber consumption structure, 2010 – 9M/2017
Content is intentionally removed for demo purpose
58
Source: VIRAC, IRSG
Source: VIRAC, IRSG
Part II. Global market
5. Synthetic rubber – 5.1 Production and consumption
Thousand tons
Global synthetic rubber production and consumption, 2010 - 9M/2017
The structure of synthetic rubber consumption by product, 2015
Content is intentionally removed for demo purpose
59
Source: VIRAC, IRSG
Part II. Global market
5. Synthetic rubber – 5.1 Production and consumption
Thousand tonsGlobal synthetic rubber production, 2013 – 9M/2017
* EMEA: EU, Middle East and Africa
Global synthetic rubber production market share, 9M/2017
Source: VIRAC, IRSG
Content is intentionally removed for demo purpose
60
Source: VIRAC, IRSG
Source: VIRAC, IRSG
Part II. Global market
5. Synthetic rubber – 5.1 Production and consumption
Thousand tonsSynthetic rubber consumption, 2013 – 9M/2017
Synthetic rubber consumption market, 9M/2017
Content is intentionally removed for demo purpose
61
Source: VIRAC, ITC
Source: VIRAC, Uncomtrade
Part II. Global market
5. Synthetic rubber – 5.2 Import export
USD
billion
Global synthetic rubber trade, 2012 - 2017eUSD
billion
Source: VIRAC, Trade map
USD
billion
Top largest synthetic rubber exporters, 2016 - 2017
Content is intentionally removed for demo purpose
Top largest synthetic rubber importers, 2016 - 2017
62
Source: VIRAC, IRSG
Part II. Global market
5. Synthetic rubber – 5.3 Price movement
USD/ton
Global price volatility of natural rubber and synthetic rubber, 2012 – Q4/2017
Content is intentionally removed for demo purpose
TABLE OF CONTENTS
Part III. Vietnam market
1. Industry scale
2. Input materials
3. Raw plastic resins
4. Synthetic rubber
5. Price-affecting factors
63
64
No Product
Capacity
(ton/year) Producer
Source: VIRAC
Plastic resin and additives production capacity, 2015
Part III. Vietnam market
1. Industry scale
Content is intentionally removed for demo purpose
TABLE OF CONTENTS
65
Part III. Vietnam market
1. Industry scale
2. Input materials
3. Raw plastic resins
4. Synthetic rubber
5. Price-affecting factors
66
Part III. Vietnam market
2. Input materials
Content is intentionally removed for demo purpose
67
Part III. Vietnam market
2. Input materials
Monomer imports, 2012 - 6M/2017e
Source: VIRAC, GDVC
USD thousand
Aromatic compound imports, 2013 - 6M/2017e
Source: VIRAC, GDVC
USD thousand
Content is intentionally removed for demo purpose
TABLE OF CONTENTS
68
Part III. Vietnam market
1. Industry scale
2. Input materials
3. Raw plastic resins
4. Synthetic rubber
5. Price-affecting factors
69
Source: VIRAC, BSR
Source: VIRAC, VPA
Raw plastic resins production, 2010 – Q1/2018e
Thousand tons
Thousand tons
Raw plastic resins and additives production in some
provinces/cities, Q1/2018
Source: VIRAC, VITIC
Polypropylene supply - demand in Vietnam, 2010 – Q1/2018e
Part III. Vietnam market
3. Raw plastic resins – 3.1 Production
Content is intentionally removed for demo purpose
No. Company Sales (ton/year) Market share
LLDPE, LDPE, HDPE, PP distribution figures in the northern market,
2014-2015
Part III. Vietnam market
3. Raw plastic resins – 3.1 Production
Source: VIRAC, HCD
Source: VIRAC, HCD Source: VIRAC, GSO
PP production and consumption of Binh Son Oil
Refinery, 2013 - 6M/2017
Content is intentionally removed for demo purpose
71
Source: VIRAC, MOIT, GSO
Source: VIRAC, MOIT, GSO
Thousand
tons
Part III. Vietnam market
3. Raw plastic resins – 3.2 Consumption
Polymer consumption in Vietnam, 2010 – Q1/2018e
Market share of plastic additives, 2017
Content is intentionally removed for demo purpose
72
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Thousand
tons
USD
million
Plastic resins imports, 2010 – Q1/2018
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Plastic material importing market, Q1/2018
Content is intentionally removed for demo purpose
73
Source: VIRAC, GDVC
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Source: VIRAC, GDVC
Top largest raw plastic resins importing enterprises, Q1/2018
Plastic material import structure by type, Q1/2018
Content is intentionally removed for demo purpose
74
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Source: VIRAC, GDVC
Imports of some polymer types, 2012 – Q1/2018e
Polymer
type
2012 2013 2014 2015 2016 2017 Q1/2018
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
Volume
(ton)
Value
(USD
thousand)
PE
PP
PVC
PET
EVA
PS
Content is intentionally removed for demo purpose
75
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Top largest PE importing enterprises, Q1/2018
Top largest PP importing enterprises, Q1/2018
Content is intentionally removed for demo purpose
76
Source: VIRAC, GDVC
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
USD
million
Source: VIRAC, GDVC
Polymer exporting value, 2012 – Q1/2018
Polymer importing market structure by value, Q1/2018
Source: VIRAC, GDVC
Polymer importing market structure by volume, Q1/2018
Content is intentionally removed for demo purpose
77
Source: VIRAC, GDVC
USD millionPP & PE export value, 2012 – Q1/2018
Source: VIRAC, GDVC
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Source: VIRAC, GDVC
Top 10 largest plastic materials importing enterprises, Q1/2018
Plastic resins export structure by type, Q1/2018
Content is intentionally removed for demo purpose
78
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Part III. Vietnam market
3. Raw plastic resins – 3.3 Import export
Top largest PP importing enterprises, Q1/2018
Top largest PP exporting enterprises, Q1/2018
Content is intentionally removed for demo purpose
79
Part III. Vietnam market
3. Raw plastic resins – 3.4 Production technology
Content is intentionally removed for demo purpose
80
TABLE OF CONTENTS
Part III. Vietnam market
1. Industry scale
2. Input materials
3. Raw plastic resins
4. Synthetic rubber
5. Price-affecting factors
81
Source: VIRAC, UN Comtrade, GDVC
Part III. Vietnam market
4. Synthetic rubber – 4.1 Import export
USD million
Synthetic rubber import and export, 2011 – Q1/2018e
Content is intentionally removed for demo purpose
82
Part III. Vietnam market
4. Synthetic rubber – 4.1 Import export
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Export market structure of synthetic rubber, 2017e
Import market structure of synthetic rubber, 2017e
Content is intentionally removed for demo purpose
83
Part III. Vietnam market
4. Synthetic rubber – 4.1 Import export
Source: VIRAC, GDVC
Source: VIRAC, GDVC
Top 10 largest synthetic rubber exporters
Top 10 largest synthetic rubber importers
Content is intentionally removed for demo purpose
84
TABLE OF CONTENTS
Part III. Vietnam market
1. Industry scale
2. Input materials
3. Raw plastic resins
4. Synthetic rubber
5. Price-affecting factors
85
Part III. Vietnam market
5. Price-affecting factors
Source: VIRAC, Indexmundi
USD/barrel USD/mmbtu
Source: VIRAC, Plastic Europe
USD/ton
World crude oil average price, 2014 -4/2018
Monomer price volatility, 5/2017 - 4/2018Content is intentionally removed for demo purpose
TABLE OF CONTENTS
Part IV. Industry risks
1. Industry risks
2. SWOT analysis
86
Part IV. Industry risks
1. Industry risks
87
Content is intentionally removed for demo purpose
Part IV. Industry risks
1. Industry risks
88
Content is intentionally removed for demo purpose
TABLE OF CONTENTS
Part IV. Industry risks
1. Industry risks
2. SWOT analysis
89
Strengths Weaknesses
Opportunities Challenges
90
Part IV. Industry risks
2. SWOT analysis
Content is intentionally removed for demo purpose
91
TABLE OF CONTENTS
Part V. Industry trend, forecast and planning
1. Industry development trend
2. Forecast for Global market
3. Forecast for Vietnam market
4. Industry development planning
Source: VIRAC, European Bioplastic
Part V. Industry trend, forecast and planning
1. Industry trend
Bioplastic production capacity in the world,
2012 - 2018F
92
Content is intentionally removed for demo purpose
93
TABLE OF CONTENTS
Part V. Industry trend, forecast and planning
1. Industry development trend
2. Forecast for Global market
3. Forecast for Vietnam market
4. Industry development planning
Source: VIRAC, IHS
Part V. Industry trend, forecast and planning
2. Global market forecast
Global PP & PE demand growth, 2014 – 2019f
94
Content is intentionally removed for demo purpose
Part V. Industry trend, forecast and planning
2. Global market forecast
95
Content is intentionally removed for demo purpose
Source: VIRAC, Polymerupdate
Part V. Industry trend, forecast and planning
2. Global market forecast
96
Time Company Capacity Location
Synthetic rubber production projects in Asia, 2012 - 2016
Content is intentionally removed for demo purpose
97
TABLE OF CONTENTS
Part V. Industry trend, forecast and planning
1. Industry development trend
2. Forecast for Global market
3. Industry development planning
4. Forecast for Vietnam market
98
Part V. Industry trend, forecast and planning
3. Industry development planning
Content is intentionally removed for demo purpose
99
Part V. Industry trend, forecast and planning
3. Industry development planning
Source: VIRAC, MOIT
No. Project name Location
Investment information
Capacity (1.000
ton/year)
Capital (USD
million)Investment time
Oil refinery projects, 2011 - 2020
Content is intentionally removed for demo purpose
100
TABLE OF CONTENTS
Part V. Industry trend, forecast and planning
1. Industry development trend
2. Forecast for Global market
3. Industry development planning
4. Forecast for Vietnam market
101
Source: VIRAC
Project Location Capital Capacity (million tons/year)
Some petrochemical refining projects in Vietnam, 2010 - 2020
Part V. Industry trend, forecast and planning
4. Forecast for Vietnam market
Content is intentionally removed for demo purpose
Source: VIRAC, GDVC
Source: VIRAC, VPA
Part V. Industry trend, forecast and planning
4. Vietnam's market forecast
Plastics consumption per capita, 1989 – 2020F
Plastic export turnover, 2010 – 2017e
102
Content is intentionally removed for demo purpose
Source: VIRAC, MOIT
2013 2014F 2015F 2016F 2017F 2018F CAGR
Demand forecast for tires in Vietnam, 2013 – 2018F
Part V. Industry trend, forecast and planning
4. Vietnam's market forecast
103
Content is intentionally removed for demo purpose
Source: VIRAC,
PP and PVC production capacity forecast, 2016 – 2021f
Part V. Industry trend, forecast and planning
4. Vietnam's market forecast
104
Content is intentionally removed for demo purpose
Thousand tons/year
TABLE OF CONTENTS
Part VI. Enterprise analysis
1. Enterprise introduction
2. Financial analysis
105
Part VI. Enterprise analysis
6.1 Enterprise introduction
106
Company Logo
Total asset
(VND
billion)
Revenue
(VND billion)General information
Tpc Vina Plastics
and Chemicals Co.,
Ltd
AGC Vietnam
Chemicals Co., Ltd
Polysterene
Vietnam Co., Ltd
Tin Kim Plastics JSC
Toyo Ink
Compounds
Vietnam Co., Ltd
Content is intentionally removed for demo purpose
Part VI. Enterprise analysis
6.1 Enterprise introduction
107
Company Logo
Total asset
(VND
billion)
Revenue
(VND billion)General information
Resinoplast
Vietnam Co., Ltd
Dainichi Color
Vietnam Co., Ltd
Viet Thai
PLASTCHEM Joint
Venture Co., Ltd
Content is intentionally removed for demo purpose
108
TABLE OF CONTENTS
Part VI. Enterprise analysis
1. Enterprise introduction
2. Financial analysis
Net revenue, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Business performance
109
Content is intentionally removed for demo purpose
Gross profit, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Business performance
110
Content is intentionally removed for demo purpose
Self-financing rate, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Business performance
111
Content is intentionally removed for demo purpose
Financial expenses, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Business performance
112
Content is intentionally removed for demo purpose
Total assets ratio, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Financial indicators
113
Content is intentionally removed for demo purpose
Fixed assets ratio, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Financial indicators
114
Content is intentionally removed for demo purpose
Total debt / equity, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Financial indicators
115
Content is intentionally removed for demo purpose
Profit ratio, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Financial indicators
116
Content is intentionally removed for demo purpose
Payment indicators of enterprises, 2015 - 2016
Part VI. Business analysis
6.2 Financial analysis – Payment indicators
117
Content is intentionally removed for demo purpose
118
TABLE OF CONTENTS
Part VII. Appendix of financial statements
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
119
APPENDIX
TPC VINA Plastic and Chemical Corporation Limited
Content is intentionally removed for demo purpose
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
120
APPENDIX
Resinoplast Vietnam Company Limited
Content is intentionally removed for demo purpose
121
APPENDIX
SIK Vietnam Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
122
APPENDIX
Vietnam Polystyrene Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
123
APPENDIX
AGC Chemicals Vietnam Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
124
APPENDIX
Toyo Ink Compounds Vietnam Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
125
APPENDIX
Viet Thai Plastchem Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
126
APPENDIX
Tin Kim Plastic Joint Stock Company
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
127
APPENDIX
Dainichi Color Viet Nam Company Limited
CASH FLOW STATEMENT
Unit: VND million
2015 2016
I. Cash Flow From Operating activities
Net Cash Flow From Operations
II. Cash Flow From Investing activities
Cash Flow From Investing activities
III. Cash Flow From Financing activities
Cash Flow From Financing actvities
Net Cash Flow in the period
Cash and cash equivalents at beginning of year
Influence Of Exchange Rate Differences
Cash and cash equivalents at end of year
BALANCE SHEETS
Unit: VND million
2015 2016
A. CURRENT ASSETS
I. Cash and cash equivalents
II. Short-term Investments
III. Account Receivable
1. Trade receivable
2. Advances to suppliers
IV. Inventories
V. Other current assets
B. NON-CURRENT ASSETS
I. Fixed assets
II. Long-term Investments
III. Other long-term assets
TOTAL ASSETS
A. LIABILITIES
I. Current Liabilities
1. Short-term loans
2. Trade payables
II. Non current Liabilities
2. Long-term loans
B. OWNER’S EQUITY
C. MINORITY INTEREST
TOTAL LIABILITIES AND OWNERS’EQUITY
INCOME STATEMENT
Unit: VND million
2015 2016
Net Revenue from Sale of goods and services
Cost of good sold
Gross Profit
Financing income
Financial expense
Interest Expenses
Selling Expenses
General & adminitrative expenses
Operating profit
Other Income
Other Expenses
Other Profits
Profit from associate & venture companny
Total Profit Before Tax
Current corporate Income Tax Expense
Deferred Income Tax Expense
Net Profit After Tax
Content is intentionally removed for demo purpose
REPORT DISCLAIMER
REPORT DISCLAIMER
This document has been prepared in good faith on the basis of information available at the date of publication without any independent verification.
VIRAC has produced this report for private circulation to professional clients only. All information and statistical data herein have been obtained from
sources we believe to be reliable and made to ensure the accuracy of the contents of the pages of the report at the time of preparation. Such information
has not been independently verified and VIRAC makes no representation or warranty, whether express or implied, of any kind with respect to the
document and its contents, information and materials. The content found in this report is proprietary to VIRAC and is provided solely for your personal
and non-commercial use. You agree that you will not use this report for any purpose that is unlawful and that you will not reproduce the report or
redistribute it outside your organisation, or place it on a website for public access without the express written permission of VIRAC.
SHOULD YOU NEED ANY ASSISTANCE, PLEASE CONTACT US:
VIETNAM INDUSTRY RESEARCH AND CONSUTANT (VIRAC JSC.,)
6th Floor, Anh Minh Building, 36 Hoang Cau, O Cho Dua, Dong Da, Hanoi, Vietnam
Website: http://virac.com.vn/
Email: viracresearch@virac.com.vn | Tel: +84 463289520
102
Thank you !
129
top related