COMPANY PROFILE
Board of Directors
Bounsai VANNACHACK
President
Bounsai received his degree from a Chinese university. For the past twenty years, he has worked in the mining and investing industries. Currently, numerous project collaborations are underway with numerous foreign partners, particularly those from Taiwan and the Chinese mainland. He has expanded the company's investment into the real estate industry after completing numerous projects successfully. The group also owns other associated businesses, including those in construction, agriculture, automobiles and other industries.
Sengdouangdao SITPHAXAY
Vice President
Sengdouangdao pursued her studies in marketing management at Kaplan Singapore after graduating from Raffles Education Corp College with a major in hospitality and tourism management. Having worked for Lao Airlines, she specializes in business management. Prior to establishing her own businesses in Laos, she had established the Shining Star Beuaty by Schwazkopt Professional, a healthcare and cosmetics company, and other real-estate ventures.
Dr. Phadone INSAVEANG
Director
From Vietnam, Phadone received his PhD in Hospitality & Tourism Management. Having the chance to engage in and contribute to numerous commercial partnerships between Lao and Vietnamese firms, he worked in the tourism industry for more than 15 years in Vietnam. Executive in Marketing and Administration when he joined the company.
Toulaphone SANTISOUK
Vice Director
After completing her legal studies at the University of Laos, she obtained her law license. Toulaphone has worked for a number of domestic and local banks in Laos, including JDB Bank, Indochina Bank, Public Bank, ICB Bank, Kasikorn Thai Bank, Krungsri Leasing Laos and legal firms like Allen & Gledhill. Among others for many years she is employed by the company as the Executive in Charge of Finance and Law. Furthermore, her responsibilities also include overseeing the group's financial management business which includes running the financial institute.
The economic-technical feasibility of standard iron ore mining and processing project, located in Pakuay Village, Boualapha District, Khammouane Province. The project is managed by ARVY Buarapha Mining Co.,LTD , which has been mining and processing for both domestic and international distribution under the government of Laos.
Globally, the steel sector has madegood adjustments, production of iron ore increased by 8% from 2022 to anaverage of around 150 million tons per month worldwide. The demand for steel ispredicted to rise to 1,874 million tons globally in 2023, driven mostly byChina. Approximately 55% of the world's steel is produced and used worldwide.China have to import around 18.3 million tons of steel goods from other nationsin 2022—a six-fold increase over the previous year. Hot rolled steel (9.9million tons), cold rolled steel (3.8 million tons), and coated steel plate (2.4million tons) are China's top three imports of steel goods. This causes ashortage of steel products on the global market, which drives up prices forChina's purchases of them. China's demand for steel climbed by 52% in the firstquarter of 2022 compared to the same period the previous year, and it isanticipated that China will require 1,025 million tons of steel total for theyear. Due to China's earlier this year investment, the GDP in 2021 should reach8.2% to 9.5%. The manufacture of automobiles climbed by 89.9% to 1.93 millionunits on a monthly average; investments in downstream sectors increased by34.1%, and 38.3% went toward the construction of urban real estate. The cost ofsteel has increased to all-time highs globally.