search

History

  1. Home
  2. About Us
  3. History
 
sort

DEVELOPMENT PROCESS

Asia Ingredients Group (AIG), with over 23 years of continuous development, has established a strong presence in the local and global market since 2001. Our rapid expansion in terms of operation scale and business performance has made us a pioneer, prominent, and leading professional in providing food ingredients and comprehensive solutions for the food industry in Vietnam.

Since 2001, AIG has maintained steady operations with a registered capital of VND 1,706,012,980,000. Our ecosystem has expanded to include 8 direct subsidiaries, 2 indirect subsidiaries, 1 indirect joint venture, and 2 indirect associate companies, along with 1 research center and 4 investment funds. These funds include MGCA FOODCO PTE. LTD. (established in 2023), VFPHK Holdings Limited, All Ingredients PTE. LTD., and PENM IV GERMANY GMBH & CO. KG.

Furthermore, AIG focuses on building a comprehensive ecosystem that includes trading, manufacturing, R&D, logistics, and international business with subsidiaries, an innovation center, and a network of smart-warehouses to provide our customers with the highest quality service and products. We are constantly developing our technology and expanding our distribution networks to ensure Vietnamese ingredients are brought to the global market.

For over 23 years of sustainable development, Asia Ingredients Group (AIG) has achieved remarkable milestones and contributed to the growth of Vietnam's food industry.


2001
2004
2007
2009
2011
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Present
2001

2001

  • Established CTL


2004

2004

  • CTL was restructured into a limited liability company and renamed ATL Co., Ltd.
2007

2007

  • ATL was converted into a joint-stock company, renamed "Asia Chemical Company (ACC)," marking a significant milestone and creating opportunities for accelerated growth.
2009

2009

  • Invested in the construction of AFI – Asia Saigon Food Ingredients Factory, pioneering the production of non-dairy creamer in Vietnam.


2011

2011

  • Mekong Enterprise Fund II invested in ACC
2014

2014

  • PENM Partner Capital invested in ACC
2015

2015

  • Investment and construction: ACP, AIC, GF

2016

2016

  • Investment and construction: APIS agricultural product processing factory

2017

2017

  • Established ASIA GROUP.
2018

2018

  • NewQuest Capital Partners invested in ASIA Ingredients GROUP
  • Investing in AHS - Asia Hoa son Corporation cassava starch processing factory.

  • Consolidated 8 subsidiary companies and established a Research Center.

2019

2019

  • Asia Ingredients Group (AIG) acquired a 65% stake in Asia Hoa Son Corporation (AHS).
  • The State Securities Commission of Vietnam officially recognized AIG as a public company.
  • VPFHK Holdings Limited and PENM IV GERMANY GMBH & CO. KG became major shareholders of AIG.
2020

2020

  • AFI successfully commissioned Phase 2 of the spray drying tower to produce commercial creamer powder.
  • The company completed Phase 2 and officially inaugurated the Glucose Syrup Plant at AHS.
2021

2021

  • All Ingredients PTE. LTD. became a significant shareholder in AIG. PENM IV GERMANY GMBH & CO. KG increased its investment in AIG.
  • The General Department of Vietnam Customs recognized ACC as a priority enterprise.
  • ACC initiated the development of Asia Logistics Center No. 1 at Song Than Industrial Park 1, Di An, Binh Duong.
  • The APIS 2 factory was completed.
2022

2022

  • ACP commenced the construction of a coconut milk powder spray drying tower.
2023

2023

  • Inaugurated the AIG Building
  • AIC was renamed VICTA Trading Joint Stock Company
  • Established Mekong Delta Gourmet
  • Marubeni Growth Capital Asia Pte. Ltd. invested in Asia Ingredients Group (AIG).

 

2024

2024

  • Established Asia Specialist Ingredient
  • MDG commenced the construction of a food processing factory in Phu An Thanh Industrial Park, Ben Luc, Long An
  • APIS signed a joint venture agreement to open a factory in Vietnam with Shimakyu
  • ASI inaugurated a natural essential oil and fragrance production plant in Ngoc Long commune, Yen My district, Hung Yen province

 

Present

Present

  • The company continues its business operations with charter capital of VND 1,706,012,980,000
  • Managing 8 direct subsidiaries, 2 indirect subsidiaries, 1 indirect joint venture company, and 2 indirect associate companies

  • 1 research center

  • 4 investment funds:
    • MGCA FOODCO PTE. LTD. (2023)
    VFPHK Holdings Limited
    All Ingredients PTE. LTD.
    PENM IV GERMANY GMBH & CO. KG.