COOPERATION LETTER FOR MEDICAL PRODUCTION PROJECT COLLABORATION

Dear: CUSTOMERS AND PARTNERS

First of all, the Board of Directors of Hanpad Investment Joint Stock Company would like to send our respectful greetings, luck and success. We would like to briefly introduce our business:

Hanpad Investment JSC was established in April, 2006 by a group of leading enthusiastic experienced Vietnamese plastic experts to produce high quality Polyester bags with an export oriented priority to the international market. Our company possesses a modern and clean factory covering an area of 10.000m2 with advanced devices and production lines imported from Taiwan, Korea, and other countries. It is located at Lot G12-1, Que Vo Industrial Zone, Bac Ninh province nearly one hundred kilometers from Haiphong seaport and forty-two kilometers from the center of Hanoi city. This is extremely convenient for our transportation, logistic forwarding services and export import activities.

Currently, our company is promoting new projects of medical production such as medical gloves, medical masks, medical hoods, medical protective clothing, life vest … with advantages:

Hanpad is eligible and is currently exporting to the US, Europe and Japan with production management system that meets the strict conditions of the above markets and  SGS, ISO, BSCI certification and achievement.

– Hanpad has 1,200 m2 of clean workshop qualified for the production of medical products.

– Products with CO from Vietnam are much more competitive than CO from China in terms of tax and consumption

With the goodwill to cooperate for mutual development, Hanpad would like to cooperate with partners who are manufacturers of finished and semi-finished medical equipment products, distribution companies, and important enterprises  jointly conducting business activities to increase value and promote common brands for both sides.

We propose a form of cooperation:

Importing semi-finished products to Hanpad, completing the final stage, ensuring the localization rate to be granted CO from Vietnam  and export to the US and Europe through 2 forms of OEM and financing bargain

Customers and partners who are producing local medical products want to cooperate and develop with Hanpad to export medical products, please contact us directly via:

Office: Floor 6, ACM Building, No. 22, Alley 42 Vu Ngoc Phan, Lang Ha Ward, Dong Da District, Hanoi

Factory: Lot G12-1, Que Vo Industrial Park, Van Duong Ward, Bac Ninh City, Bac Ninh Province

Tel: 036.431.8642 – Ms.Linh Sam

Email: sampham@hanpad.com.vn

Website: https://hanpad.com.vn/

Thank you very much!

 

HANPAD INVESTMENT CORPORATION

CHAIRMAN OF THE BOARD

HOANG MINH CHAU

     (Signed)

Handpad achieved BSCI with B overall rating

Hanpad Investment Joint Stock Company (DBID 31960 and Audit ID 190872) just completed the BSCI audit on August 26, 2020 at Hanpad Factory – Bac Ninh

Hanpad achieved rate B over  5 levels (A, B, C, D, E)

In March 2003 the FTA formally founded BSCI ( Business Social Compliance Initiative), a common and standardized European approach for monitoring social standards, in all supplier countries for all consumer goods. The amfori BSCI is based on the labor standards of the International Labour Organization (ILO) and other important international regulations like the UN Charta for Human Rights, as well as on national regulations. This initiative aims at continuously improving the social performance of suppliers, ultimately enhancing working conditions in factories worldwide.

It is showed that in addition to the goal of improving product quality and completing production plans, Hanpad also aims at other goals including the best improvement in working conditions and health care. for employees, creating a good and safe working environment.

Because of achieving  BSCI certification ( Rate B), for Hanpad’s business partners and customers, we have a belief in global compliance with social responsibility. That Hanpad’s BSCI – Rate B certification achievement proves that our products are unceasing towards perfection and committing to global standards.

2-9 Independence day celebration at Hanpad JSC

Under the orders of  Chairman and  Director, on the 75th anniversary of Independence Day of the Socialist Republic of Vietnam, to conclude August operation activities and publish the September plan, Hanpad’s staff held a party within factory. Hanpad’s achievements are thanks to  Board of Directors’ instructions of and dedication and efforts day by day of all employees of the company. Therefore, this party is a special thanks and gratitude to all employees of the company, who have been making great contributions to the continuous development of Hanpad.

Stating at the party, Chairman  – Mr. Hoang Minh Chau emphasizes the great efforts of the Company’s employees, although company has been faced with many difficulties due to the influence of Covid-19. Nevertheless, Hanpad has actively stepped up production and sales; and implemented many activities to take care of employee’s lives to boost labor productivities at the same time. This party has contributed in solidarity building, trade-union movement development, production and business targets completion for September and the whole year 2020

Some party’s photos

Board of Directors and all employees at Hanpad

Party preparation and during the party

 Chairman and Director award 2-9 bonus to the representative of Hanpad employees

Lucky draw activities at Hanpad

 

Fire Preventing and Fighting Training at Hanpad JSC

To comply with the regulations and task of fire preventing and fighting in the company as well as to increase the awareness, role and responsibility on fire preventing and fighting of all the staff. On August 19, 2020 Hanpad together with the Fire Department of Bac Ninh city held the fire preventing and fighting drill and training at the factory

Joining in the training were all the staffs of Hanpad company and the representative of the Bac Ninh city Fire Training Team. This fire drill and training was well prepared on people as well as fire preventing and fighting equipments. The training is a good opportunity for the fire preventing and fighting team of the company to improve knowledge and responsibility on fire preventing and fighting activities so that they can take the initiative in the work of fire preventing and fighting when problems occur.

Some photos of fire preventing and fighting training:

 

 

 

North American PP resin prices move up in May

After a flat month in April, North American polypropylene resin prices increased an average of 4 cents per pound in May.

The increase followed a similar rise for polymer-grade propylene monomer, which is used to make PP resin.

Prior to being flat in April, PP prices had dipped 3 cents in March. The March decline was the fifth consecutive monthly price drop for North American PP, with those declines totaling 24.5 cents.

In 2020, North American PP supplies will be impacted by the addition of almost 1 billion pounds of capacity by Braskem in LaPorte, Texas, and of 550 million pounds of capacity by Formosa Plastics Corp. USA in Point Comfort, Texas.

 

Stable to firm trend pervades PP markets in Mid-East, Africa

New PP offers in the Middle Eastern markets have rolled over or increased from last month amid planned and unplanned shutdowns after firming attempts showed up sporadically but somehow failed to prevail across the region in February. March offers to African PP markets are also stable to firm, first time after one year.

Firming trend extends into March in S.Arabia

A major Saudi producer increased PP offers to the local market by SAR37/ton ($10/ton) when compared to February levels, and a different local producer held offers unchanged for March.

The new offers echoed the view of the market players, who highlighted higher costs and the firming sentiment across the globe. Demand, meanwhile, is yet to show an uptick ahead of Ramadan.

Rollovers for 3rd straight month from Emirati producer

Emirati players received rollovers from a domestic producer for March for the third month in a row, while the major Saudi producer’s new PP offers have so far been announced with increases.

Despite improving to a certain degree, trading activities were still deemed below expectations in the UAE. Traders agreed that demand started to improve slightly and that further improvement was expected before Ramadan, when players usually begin securing stocks.

Shutdowns ongoing across Mid-East

The firming sentiment that has been in place since last month found support from the planned and unplanned production outages in the Middle East.

In February, Saudi Arabia’s Advanced Petrochemical Company shut one of its production lines at its PP plant in Al Jubail, Saudi Arabia due to unexpected technical issues. The line has come back online as recently as this week.

Saudi National Petrochemical Industrial Company’s (NATPET) fire-hit plant in Yanbu, Saudi Arabia is also expected to remain offline until later this year, further capping supply in the region.

In the UAE, Borouge, a joint venture between Abu Dhabi National Oil Company and Borealis, is also undertaking a turnaround at its petrochemical complex. The maintenance shutdown also affects its PP plants at the complex.

Nigeria’s ELEME raises PP first time after a year

Nigerian producer ELEME has announced its February offers to the local market with increases of NGN10,000-11,000/ton ($28-31/ton) for PP grades. According to ChemOrbis Price Index, this has been the first hike in PP since March 2018 after either rolling over or lowering its offers. The market sentiment in Nigeria was marred by a climate of political and economic instability related to the long-awaited presidential elections in the country.

Demand remains flat in Kenya

Meanwhile, and in Kenya, the overall price range for PP raffia and inj. from the two Saudi producers were more or less unchanged from February. Kenyan players reported slow market activities, with buyers restricting their purchases to needs-basis.
Although players expect a seasonal uptick in demand, there is still the question that whether the challenging economic environment in the continent will weigh against the expected recovery.

Source: Chermorbis

Year-end Ceremony 2018 at Hanpad Investment JSC

Hanpad Investment JSC is proudly to be considered as one of the leading plastic bag manufacturers and exporters in Vietnam. The 2018 Year-end Ceremony was a memorable event thanks to the active joint of all respectful leaders, partners, staff and thorough preparations. Not only were remarkable achievements mentioned, but detailed goals and plans for both short and long-term ware also brought out for sustainable development.

Happy new year, 2019 ! We wish you a lucky, healthy and prosperous year !

 

 

 

 

European PS market set to rise for second straight month

In Europe, the PS market is set to witness another round of increases for March after prices rebounded from their four-year low in early February. Players’ firmer expectations are mostly based on tight supplies across the region as well as strong upstream costs.

Firm expectations for March boost pre-buying activity

February PS business was mostly wrapped up last week with increases of around €20-40/ton over January. Sellers enjoyed buoyant demand towards their February cargoes amid widespread expectations that the firmer trend might gain speed in March.

Meanwhile, some players reported that firmer talks for March boosted pre-buying activities in the region as buyers were eager to secure some extra volumes before prices increase further in the upcoming month.

A distributor of a West European producer said, “We have recently concluded a few more February PS deals with increases of €30-40/ton. We are feeling free from any sales pressure as our PS allocations are limited and the outlook remains firm for March.”

Tightness keeps market firm

Distributors of different European PS producers reported that overall regional supplies remained low and they were not able to satisfy all customers’ needs for February.

Buyers also confirmed this situation as they had to seek material from different supply sources to maintain their operations.

A disposable kitchenware manufacturer in Belgium noted, “We settled our February PS contracts with hikes of €20-30/ton. It was difficult to secure all our needs this time due to most suppliers’ low stocks, which might give an upper hand to them in seeking a new round of increases for March.”

Styrene stands as the other supportive factor

According to data from ChemOrbis Price Wizard, the weekly average of spot styrene prices on CIF NWE basis has been chasing a stable to firmer trend for around six weeks, standing at its highest levels since early November.

Strong naphtha prices and crude oil futures have been contributing to the slightly firming trend in the spot styrene market while players believe that spot prices might receive extra support from the upcoming turnarounds at some regional crackers.

The uptrend in the spot styrene market is expected to pave the way for a higher monomer outcome for March, with players mostly talking about possible increases of €40-50/ton.

February styrene contracts were fully settled at €995/ton, up by €20/ton from January, meanwhile.

Source: Merve Sezgün – msezgun@chemorbis.com