DEVELOPMENT STRATEGY FROM 2008 TO 2010

I. INTRODUCTION: 

AP Saigon Petro Joint Stock Company (AP Saigon Petro JSC), a trading and manufacturing company with the legal capital 50.000.000.000 VND (fifty millions VND), was founded by 04 shareholders:
1- Saigon Petro Co. Ltd;
2- AP Holding Vietnam Pte. (Singapore);
3- Tram Anh Manufacturing Industry and Trading Co. Ltd.;
4- Individual Shareholders;

To which: Saigon Petro contributes 44% of Charter Capital, AP Singapore 30%, Tram Anh Co. Ltd. 19%, and the individual Shareholders contribute 7% of the Legal Capital.
The Business Registration Certification No. 4103010219 was issued to AP Saigon Petro JSC on 06th May, 2008 by the Department of Planning & Investment of Ho Chi Minh City.

II. INFRASTRUCTURE:
AP Saigon Petro has the Cat Lai lubricants manufacturing plant, contributed from Saigon Petro Co. Ltd, with the capacity 25.000 tons/year. This plant has a large yard, 09 tanks with the total storage 4.500m3, and it is convenient to go by land, since it is near 25B center line of Tan Cang Saigon, and by waterway which is can vessel discharge by the 25.000 DWT jetty on Dong Nai river.
Manufacturing technology of the plant is an enclosed semi-automatic technology, which facilitates to manufacture the lubricants in batch, and can meet the requirement to product diversification. The continuous filling system can be controlled, assured to fill into small bottle (1litre, 4 liters) or pail and drum (25liters, 200 liters).
Storage for finished product, which has the capacity of 3.000 tons of products, is assured to supply to the market demand on time.
The QA & QC Department, which is well-equipped by the modern machines, lab equipments, can meet all of the requirements in manufacture and control the quality of the product during the operation.

III. HUMAN RESOURCE:
With the compact (not many) but strong and active staff who grow up from famous companies: Saigon Petro, Castrol VN, AP PetroChemical, Petrolimex,...All the personnel are 30 person, in which there are 11 ones graduated from universities, and 06 ones from college and middle vocational school.

IV. BUSINESS PLAN: 

1- LUBRICANT MANUFACTURE AND BUSINESS:
Base on the powers of the shareholders, since now to 2010, AP Saigon Petro JSC is going to produce 02 product family for 02 market segments:
a) Industrial Oil: AP Saigon Petro JSC will manufacture and distribute: hydraulic oils, metal cutting oils, gear oils, RPO.
b) Engine Oil: diesel engine oils, automotive (motor) engine oils

     Producing capacity:

No	PRODUCT	YEAR 2008	YEAR 2009	YEAR 2010
		(Ton/Year)	(Ton/Year)	(Ton/Year)
1	Industrial oils
	Hydraulic oils	750	2.500	4.500
	Metal cutting oils	400	1.200	2.600
	Gear oils	120	500	1.200
2	Engine oils
	Diesel engine oils	500	1.500	2.500
	Automotive engine oils	180	850	2.500
	Motor engine oils	0	1.000	3.500
	TOTAL	1.950	7.550	16.800

2- HOUSEWARE AND TANK LEASING AND TOLL-BLENDING CONTRACT:
Keep on doing contract for leasing based on the recirculation in storage, which is able to store about 2.500m3 - 3.700m3/ month.
Seeking the partners whose demands are toll-blending for trademark development, combine with the products (automotive, motorcycle companies), or large petroleum companies who want to joint to the Vietnamese lubricants market (Petronas), to discuss on making contract for toll-blending for finished products. 

V. DEVELOPMENT PLAN:

1- DEVELOPMENT IN STORAGE:
Base on the good infrastructure (road, waterway, huge jetty, modern blending plant), AP Saigon Petro JSC will upgrade the tank farm for storage in the 2009 plan. This development in storage will service for the requirement of business diversification of our company. 

2- DEVELOPMENT IN PRODUCT SPECIALIZING:
In future, AP Saigon Petro will concentrate on manufacturing special products for industry: textile oils, turbine oils, compressor oils (for the aquatic products industry), which we make into specialist. Firstly, it is necessary to seek the market, import products for market entry and the plan for 2010-2015 is that step by step to joint the special market by ours products.

For more info check website: www.apsaigonpetro.com.vn