Digital transformation will help raise investor awareness, consolidate confidence, develop fund investment products and services towards customers’ demands and improve fund's operation efficiency.

Exporters in Bình Định Province are taking advantage of the UK – Việt Nam Free Trade Agreement (UKVFTA) and other similar trade deals to expand their markets, with the help of the provincial Department of Industry and Trade.

THACO INDUSTRIES is also developing products like aluminium pressure die casting moulds, PU foam moulds and heat press moulds to supply to domestic customers and export to the US, Europe, and South Korea.

Spot resin market activity was a bit sluggish following the Fourth of July holiday, but by midweek a good flow of fresh off-grade and some Prime railcars rolled into the spot market. Sensing a challenging sales month ahead, resellers were looking to offload some of their July commitments.

Mould manufacturing technology plays an extremely important role in manufacturing and is considered the foundation of modern manufacturing by enabling mass production in a short time and with high precision.

Styron general-purpose polystyrene grades, Styron and Styron A-Tech, Styron C-Tech, and Styron X-Tech high-impact polystyrene grades by €290 per metric ton;

The company has produced large, complex moulds with high aesthetic features for the automotive industry such as 27-tonne truck bumper moulds, passenger car rear bumper moulds using Hiddenline technology, luggage compartment moulds and moulds for passenger car interior components using 3D corrosion technology, moulds for making details of passenger car sunroof frames.

After the successful May $0.03/lb increase, the June resin price increase has officially been pushed to July and the July increase has been pushed to August. For now, the market still feels weak, according to the PlasticsExchange. Ample supplies are available, so other than just playing out the cycle, it might take a production disruption to put resin pricing power firmly back into producers’ hands, said the Chicago-based resin clearinghouse.

Mould manufacturing is a highly automated industry, requiring complex techniques and high precision, and so THACO INDUSTRIES pays special attention to research and mastering technology.

The company is researching and analysing the simulation of flow in plastic moulds and plastic deformation of metals in large plate stamping moulds to produce passenger car bumpers and automobile body moulds.

June PE resin contracts held flat, maintaining the $0.03/lb increase that was implemented in May. Despite more price increases on the table for July and August, PlasticsExchange writes that it might be difficult for sellers just to maintain current contract levels this month. PP contracts wiped away a solid dime in June, bringing the two-month drop to a hefty $0.17/lb. Polymer-grade propylene (PGP) monomer costs continued to erode, indicating another likely decrease for July PP contracts. While the market cools, the Gulf waters continue to heat up, and forecasters are still calling for a very active hurricane season. Something for processors to keep in mind . . . .

THACO INDUSTRIES promotes R&D and learns new mould manufacturing techniques to help increase the rate of use of local parts in the automotive industry and improve the competitiveness of the country’s mould manufacturing industry.

Additional downward pricing pressure emerged after Heartland, a new Canadian producer, announced the first PP railcar loading at its facility in Fort Saskatchewan, AB. It has been making pellets since late June and intends to gradually ramp up production through the remainder of the year. The added capacity and continued unraveling in spot PGP and PP prices are setting the stage for another decrease in July PP contracts, according to the PlasticsExchange. That would follow the sharp $0.17/lb drop in contracts over the last two months.

Mastering mould manufacturing technology helps THACO INDUSTRIES be proactive in production and business, completing the value chain in accordance with the “All-in-one” model (providing complete solutions from product research and development to processing and manufacturing, assembly and transfer of operation and maintenance) and highly competitive when participating in the global supply chain.

Spot PP trading was good, but fell short of great, with prices falling another $0.03/lb this past week. PP transactions outstripped those for PE at the PlasticsExchange trading desk. Completed deals spanned from Prime homo-polymer PP Raffia and mid-melt Injection to very high melt for melt-blown applications. There was demand for co-polymer PP frac No Break, mid-melt impacts, and lower-end compounding resin. Some processors took advantage of comparatively well-discounted resin pricing, while other buyers required immediate shipments to tide them over until their late railcars arrived.

It has invested simultaneously in all mould production processes such as preform mould design, deep hole drilling, CNC milling, EDM machining, wire cutting machining, CMM measuring, and mould assembly using modern equipment and machinery such as 5-axis milling machines from Japan, the first of its kind in Việt Nam, press machines with a maximum pressure of up to 200 tonnes, and double head EDM machines that can work on one or two different moulds.

There is an increase in demand for moulds in car and motorbike manufacturing, refrigeration and others. With its outstanding production capacity, a team of highly qualified experts and engineers trained in South Korea and modern simulation and calculation software (NX, Mouldow, Hyperform...), THACO INDUSTRIES can design and develop products swiftly and meet technological parameters and the stringent requirements of customers.

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Truckloads were the preferred size, more so than railcars. Processors have generally been limiting new purchase volumes in favor of working down their current resin supplies, hoping to buy their next batch of resin when prices have eased even further. Producers remained willing to deeply discount off-grade materials, but were a bit coy with spot railcars as they try to keep domestic prime levels buoyed.

THACO INDUSTRIES is a reputed mould manufacturing and supply partner for many brands such as Mazda, Kia, QCM, Doosan, Makitech, Hữu Toàn, THACO BUS, and LIXIL in the domestic market. It also exports many products to the US, Canada and South Korea.

Global materials company Trinseo and its affiliate companies in Europe announced on July 5 a price increase for all polystyrene (PS), polycarbonate (PC), ABS, and SAN grades. Effective July 1 or as existing contract terms allow, the contract and spot prices will increase as follows:

Previously, Trinseo announced price increases for all of its PC/ABS and ABS resins for the automotive market. Effective July 1, the Pulse PC/ABS resins rose €370 per metric ton and the price for Magnum ABS resins went up by €450 per metric ton.

However, to meet the requirements for autonomy in mould manufacturing technology, Vietnamese firms need to invest more in technology, expanding production scale and improving human resource.

HCM CITY — As a large-scale manufacturer in the mechanical engineering and supporting industries in Việt Nam, THACO INDUSTRIES has focused on investing in mould manufacturing to make a variety of them for various industries.

The machining process in CNC (Computer Numerical Control) machines is fully automated with digital control, ensuring accuracy, aesthetics and saving manpower and time.

THACO INDUSTRIES produces various products, including plastic moulds, stamping moulds, blow moulds, extrusion moulds, and SMC moulds used in several sectors such as automotive, industrial, agriculture, and civil.

In 2022 it invested US$36 million to expand the plant’s area to 4,400sq.m and annual capacity to 1,000 sets of moulds and 2,000 tonnes of precision mechanical components.

PE activity was similar to the previous week, as spot resin prices resumed their downward trend, falling another $0.02/lb following the $0.04/lb slide seen in spot levels during June. Despite the limited trade volume, transactions were spread across most key commodity grades, said the PlasticsExchange.

At the same time, suppliers are under pressure to reduce inventory positions during July, as warehouses remain packed near capacity and have been ratcheting up packaging and storage fees, which are poised to escalate further. Logistics remain an issue, with a limited rail embargo on resin shipments into California from Texas and several other states. Rail services in other parts of the United States are also facing extreme difficulties and backups.

In 2016 THACO INDUSTRIES put into operation a mould plant to serve its large-scale production activities and meet the market’s needs.

It boasts high capabilities in making medium and large-sized plastic moulds as currently most mould manufacturing companies in Việt Nam produce mainly small-sized moulds due to their limited production scale, technology and equipment.

Prime polyethylene (PE) resin prices shed $0.02/lb last week, while $0.03/lb were squeezed from the polypropylene (PP) resin market at the PlasticsExchange trading desk, amid falling monomer costs, lax demand, and growing bearish sentiment. Many resellers and processors have been de-stocking their resin inventories to minimize exposure during this down leg of the resin pricing cycle, reports the PlasticsExchange in its weekly Market Report. Consequently, there is ongoing demand for quick shipments of packaged truckloads of resin, which helped to kick start the week, month, and quarter. Some of the sharply discounted off-grade PP railcars were also compelling to processors, who snagged some later in the week.

These are large, complex moulds and are of high commercial value. At the same time the production of these moulds will boost mould manufacturing development for the automotive industry.