Thanglong Metallurgy Company Limited (Vietnam)

Founded in 2005, the subject is engaged in manufacturing lead ingot from scraps and crude lead. Production capacity is about 6,000 tons per month, said by a staff of the subject. The company imports materials from South Korea, China, Singapore and India. A part of input materials (crude lead) is also provided by its related company: MIEN DONG ENVIRONMET JOINT STOCK COMPANY (this company is engaged in waste treatment services; including hazardous waste). According to Mr. Nguyen Thanh Chau – the subject's chief accountant, the subject's branch (tax code: 3800307324-001) and MIEN DONG ENVIRONMET JOINT STOCK COMPANY also co-operated together to construct a factory at Can Le Hamlet, Loc Thinh Commune, Loc Ninh District, Binh Phuoc Province in 2020. This factory processes rubber oil and lead ingot and it is on process of trial production.Some customers of the subject are Vietnam CSB Battery Firm, Le Long Vietnam Company, Vietnam GS Battery Company and other FDI firms.As reported data, the subject invested more in facility in year. Its total sales increased quickly in period of 2015-2017 thanks to the increase of production quantity. Its sales decreased slightly in 2019 due to the price fluctuations, as revealed.The subject is ranked as an Extremely Large. The outbreak of Covid-19 Pandemic also has negative impact on its operation. According to Mr. Nguyen Thanh Chau – the chief accountant, due to the shortage of input materials, the subject had to reduce production capacity in May and Jun 2020. Besides, Pandemic also made lead price decrease. In general, the subject generated about VND 1,600 billion of sales in 2020; decreased about 20% compared to 2019, said by Mr. Nguyen Thanh Chau.