ALBIS founds subsidiary in Vietnam

ALBIS, one of the world's leading distributors of engineering plastics and thermoplastic elastomers, is now represented in Vietnam with its own sales company. To strengthen its presence on the Asian market, the company has established the subsidiary ALBIS Vietnam Limited in Ho Chi Minh City. In addition to expanding local sales structures, The sustainable growth strategy of ALBIS includes the joint project development with its strategic partners in Southeast Asia. In particular, in the booming Vietnamese mobility, E&E, and healthcare sectors, ALBIS provides its customers high-quality material solutions and logistics services, as well as local technical support.

With a population of around 100 million, Vietnam is one of the emerging global markets of recent years and has long been a key growth engine of Southeast Asia. Its strong technologization has made Vietnam a production location of global relevance and home to renowned manufacturers of high-tech goods for various industries.

“Its political stability and growth-friendly market conditions make Vietnam a valuable new location within our international sales network,” says Horst Klink, CEO of ALBIS. "The economic metropolis Ho Chi Minh City is an ideal basis for us to continue the successful distribution of our comprehensive and sustainable portfolio in the Asian market and to successfully develop projects here."

Julian Schmidt, Country Manager Vietnam, adds: "I am very excited to further expand the successful distribution of our comprehensive and sustainable portfolio in the region. We will work closely together with our local customers to develop innovative solutions for their specific needs and provide them with excellent service."