THUAN LOI RUBBER
With a branding strategy based on quality, prestige and commitment, Thuan Loi Rubber has become a leading light on domestic and global markets.
Thuan Loi Rubber Co., Ltd, formerly known as Thuan Loi Private Enterprise, is located in Thuan Hoa village, Thuan Loi commune, Dong Phu district, Binh Phuoc province. The company, founded in 2006, is engaged in purchasing, processing, importing and exporting rubber latex and providing trucking services. After 15 years of operation to date, Thuan Loi Rubber has emerged to become a major natural rubber producer and exporter in Vietnam. The firm produced and exported over 73,000 tonnes of products in 2017 and an estimated 90,000 tonnes in 2018.
Thuan Loi Rubber General Director Truong Thi Dung said, amid the current globalisation and international economic integration, Thuan Loi Rubber strategically takes the lead in product quality management and control. Therefore, the company spent more than VND7 billion (US$300,000) building a quality management department of national standards called VILAS to control and manage product quality standards as committed to customers. Besides, the company’s leadership and staff have continuously perfected the ISO 9001:2008 and ISO 1702:2005 integrated management systems for better product quality control till end-user delivery. For that reason, all products manufactured by Thuan Loi Rubber meet quality requirements of foreign manufacturers and each of exported products is monitored and certified to meet VILAS standards.
The company also focused on investing in machinery and equipment system to raise productivity. At present, with five modern processing lines, including three latex lines, one compound line and one centrifugal latex line, run by over 400 skilled workers, its factory produces over 250 tonnes of high-grade latex products categorised into SVR CV50, SVR CV60, SVR 3L, SVR 5, SVR 10CV, SVR 10, SVR10 Mix, SVR 20, Compound, Centrifugal Latex HA, LA, ribbed smoke sheet RSS1 and RSS3. To expand its production capacity, in 2013, Thuan Loi Rubber invested in building a rubber processing plant with an annual capacity of 19,500 tonnes of finished products in Kon Tum province. Up to now, its two factories in Binh Phuoc and Kon Tum have played significant roles in local economic prosperity.
With its commitments to product quality and efforts for higher natural rubber value, the company has tightly linked processing, production and export under a closed processing, packaging, transport, import and export system called Logistic Services.
By optimising its competitive product price, Thuan Loi Rubber has exported its products to more than 50 countries, with over 60 per cent of shipments destined to quality-demanding markets such as the United States, the United Kingdom, France, Germany, Canada and Spain. The rest is shipped to South Korea, Japan, India and China, other nations.
Not only being highly appreciated by customers, Thuan Loi Rubber also won a lot of prestigious awards and trophies. According to the rankings announced by the Vietnam Rubber Association, Thuan Loi Rubber is ranked fifth among top 20 natural rubber exporters in 2016 by value. Its business performance and revenue increase year by year, with its revenue rising from VND280 billion (US$12 million) in 2006 to VND1,919 billion ( US$82 million) in 2017 or an increase of 685 per cent. The firm was honoured by the Vietnam Chamber the Top 100 Sustainable Businesses in Vietnam in 2016, as well as in 2017.
In addition to the business front, Thuan Loi Rubber attaches much importance to building corporate culture by creating a strong business environment, constantly improving the working environment for higher safety and friendliness and associate production with environmental protection and community responsibility. The firm actively participates in social charity activities and presents gifts, houses for poor people or victims of natural disasters.
Mr Vo Quang Thuan, Chairman of the Board of Directors of Thuan Loi Rubber, emphasised that standing before a very hard and challenging task ahead, Thuan Loi Rubber, powered by a consistent, united workforce and guided by a right business strategy, will steadily step forward and reap greater successes to strongly affirm the position of Thuan Loi Rubber brand in the country. Since then, the company has been working to bring more value, increase benefits and bring the highest satisfaction to partners and customers with highly standardised products manufactured on the principle of “Commitment and prestige.”
BICH THUY