Hung Loi Paper JSC: Towards Sustainable Development

By investing in modern production lines, applying ISO international quality management standards and employing advanced science and technology, the company has turned out very good products, not inferior to imported ones but with lower prices. It runs almost no inventory because of good sales. Hung Loi Paper Company always sees stable, high growth rates. In addition to handsome payment to the State coffers, the company is very generous in social and charitable activities.

 

The success of Hung Loi has also contributed to the construction of Phu Lam Industrial Complex. The company also joined hands with other units to form Phu Lam Paper Association.

 

Based on its accumulated experience, in August 2013, the company invested VND40 billion in expanding its production facilities to 4,300 square metres. The firm installed a new paper production line with a yearly capacity of 10,000 tonnes of paper. The new facility, expected to go into operation next June, will employ 50 workers.

 

Hung Loi is now reaching out to the sea with a new stature and force. With its experience, creativity and solidarity of the entire staff, Hung Loi is confident of making a profit for itself and enriching its hometown. The company hopes that Bac Ninh province will offer more incentives for the paper industry because it uses materials sourced from recycled waste that helps protect the environment. In the current tough times, the company needs more soft loans to expand operations.