Danang Rubber Joint Stock Company | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

Danang Rubber Joint Stock Company

Information about the Company
Formerly originated from an American military retreading factory, Danang Rubber Joint Stock Company (DRC) has been continuously developing for 47 years.

Human resource is an important factor to bring success to DRC as of current. The experienced and dynamic board of management helps the company achieve many years of development. The team of skillful, creative, professional engineers and management staff has been sent abroad for further training for long service at the company. All of the staff are always united, self-confident, and responsible for their own work.

DRC’s mission is to be the pioneer in contributing to the development of Vietnam's tire industry, constantly improve its reputation, and develop the DRC brand to an international level. Meanwhile, its vision is to always affirm that DRC is the leading manufacturer of truck and bus tires in Vietnam and the leader in OTR tires in Southeast Asia. The company is constantly pushing to penetrate the world market and expanding and strongly developing traditional tire products to serve the diverse needs of customers.

DRC’s core values comprise the values of team spirit, enthusiasm, professionalism, to never stop creating, and respecting the interests of customers, businesses, and the community.

Company Culture & Company Activities
DRC believes that traditional education helps the company to overcome difficulties to survive and develop, bringing the DRC brand to new heights. Therefore, the company regularly mobilizes employees to improve technical and management initiatives so that DRC products are constantly improving in quality and low in price, helping them compete well in the market. The company is always working to build a corporate culture of solidarity, creativity, the ability to overcome difficulties to develop, honesty, and dedication to customers.
Achievements & Impact
In 2021, the company achieved VND4,635 billion in revenue, which is an increase of 21% compared to 2020. Meanwhile, the company’s pre-tax profit reached VND364 billion, which is a 14% increase over the same period last year.

Moreover, DRC had the highest market share of truck tires in the domestic market, and the export revenue exceeded USD100 million for the first time (increasing by nearly 30% over the same period and accounting for over 53% of total sales revenue).

DRC's strategy to achieve sustainable growth comprises improving quality and diversifying products, developing and enhancing the DRC brand in domestic and foreign markets, increasing revenue and profit, and investing in finding and maintaining high-quality human resources.

Future Direction
DRC determines the forecasting of product usage trends, forecasting market demand for product categories, thereby building a suitable strategy for products and market demand of the Board of Directors as a guideline for the success of the company's strategy implementation.

DRC has in-depth and a long-term experience of more than 45 years in the field of manufacturing and trading all kinds of tires and tubes, especially tires and tubes to serve the needs of transportation of goods and people.

DRC has always been a leading domestic factory in investment in machinery and equipment, innovating and applying new technologies to create high-quality products to meet customer requirements, especially in the areas of construction, mining, etc. The company also has a customer-oriented policy that satisfies customers' needs through a system of selected distributors which are rigorously screened, eventually contributing to the success of DRC.

CORPORATE EXCELLENCE CATEGORY

Danang Rubber Joint Stock Company

Information about the Company
Formerly originated from an American military retreading factory, Danang Rubber Joint Stock Company (DRC) has been continuously developing for 47 years.

Human resource is an important factor to bring success to DRC as of current. The experienced and dynamic board of management helps the company achieve many years of development. The team of skillful, creative, professional engineers and management staff has been sent abroad for further training for long service at the company. All of the staff are always united, self-confident, and responsible for their own work.

DRC’s mission is to be the pioneer in contributing to the development of Vietnam's tire industry, constantly improve its reputation, and develop the DRC brand to an international level. Meanwhile, its vision is to always affirm that DRC is the leading manufacturer of truck and bus tires in Vietnam and the leader in OTR tires in Southeast Asia. The company is constantly pushing to penetrate the world market and expanding and strongly developing traditional tire products to serve the diverse needs of customers.

DRC’s core values comprise the values of team spirit, enthusiasm, professionalism, to never stop creating, and respecting the interests of customers, businesses, and the community.

Company Culture & Company Activities
DRC believes that traditional education helps the company to overcome difficulties to survive and develop, bringing the DRC brand to new heights. Therefore, the company regularly mobilizes employees to improve technical and management initiatives so that DRC products are constantly improving in quality and low in price, helping them compete well in the market. The company is always working to build a corporate culture of solidarity, creativity, the ability to overcome difficulties to develop, honesty, and dedication to customers.
Achievements & Impact
In 2021, the company achieved VND4,635 billion in revenue, which is an increase of 21% compared to 2020. Meanwhile, the company’s pre-tax profit reached VND364 billion, which is a 14% increase over the same period last year.

Moreover, DRC had the highest market share of truck tires in the domestic market, and the export revenue exceeded USD100 million for the first time (increasing by nearly 30% over the same period and accounting for over 53% of total sales revenue).

DRC's strategy to achieve sustainable growth comprises improving quality and diversifying products, developing and enhancing the DRC brand in domestic and foreign markets, increasing revenue and profit, and investing in finding and maintaining high-quality human resources.

Future Direction
DRC determines the forecasting of product usage trends, forecasting market demand for product categories, thereby building a suitable strategy for products and market demand of the Board of Directors as a guideline for the success of the company's strategy implementation.

DRC has in-depth and a long-term experience of more than 45 years in the field of manufacturing and trading all kinds of tires and tubes, especially tires and tubes to serve the needs of transportation of goods and people.

DRC has always been a leading domestic factory in investment in machinery and equipment, innovating and applying new technologies to create high-quality products to meet customer requirements, especially in the areas of construction, mining, etc. The company also has a customer-oriented policy that satisfies customers' needs through a system of selected distributors which are rigorously screened, eventually contributing to the success of DRC.