The Asia Responsible Enterprise Awards (AREA), organized by Enterprise Asia, held its awards ceremony on June 28 in Ho Chi Minh City, Vietnam. Tex Year participated for the first time and received the "Green Leadership Award", recognizing the achievements of Tex Year’s Green Platform Strategy® (GPS). This accolade highlights Tex Year's outstanding performance in the field of sustainable development, earning high praise and recognition on an international level.

Green Platform Strategy® has entered its third year, following Tex Year’s sustainable development strategy roadmap. By integrating global R&D and operational management resources, Tex Year has collaborated with over 100 strategic partners across industry, government, and academia to build the GPS ecosystem. Through various information exchanges, seminars, and other activities, we jointly develop green material technologies and continuously promote concrete solutions for sustainable development. To date, Tex Year has cooperatively developed over 100 new green products and technologies. Moving forward, the Company aims to fulfill its corporate responsibility for the low-carbon economic transition of the industry, navigating towards new horizons in green materials and carbon reduction solutions, and constructing a sustainable economy.

In the first half of 2024, Tex Year is expected to benefit from stabilized raw material costs and steady growth in shipments from major customers in various regions. The Company’s gross profit margin is returning to normal levels, with both revenue and profitability anticipated to grow. Beyond optimistic operational performance, since the establishment of the GPS Green Platform Strategy®, the proportion of revenue from green materials has increased to 87%. As of May 2024, the growth rate of using new green materials in innovative product development has increased by more than 20% compared to the same period last year. This demonstrates Tex Year’s ongoing investment in enhancing green material R&D capabilities, improving energy efficiency, and reducing carbon emissions, thoroughly preparing for and actively responding to global environmental trends.



From left to right: Vice Chairman of Enterprise Asia Mr. Willian NG, General Manager of Tex Year (Vietnam) Fang, I-Wen and Managing Director of KPMG Sustainability Consulting Dr. Niven Huang




For more information, please visit the official website and LinkedIn page of Tex Year:
Website: https://www.texyear.com/green.php?act=product
LinkedIn: https://www.linkedin.com/company/5802267/admin/

For further inquiries, please contact:
Spokesperson: Roger Kao, Chief Financial Officer
Or media contact: Linda Yao, Acting Spokesperson