Truong Sa in Nha Trang Sea Festival’s limelight
The sixth Nha Trang-Khanh Hoa Sea Festival 2013 will include a range of activities towards Truong Sa island district in particular, and homeland’s sea and islands in general.
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| Bui Minh Tien, board chairman of PVFCCo., addresses a function held at the Reunification Palace in HCMC to mark the company’s five-millionth ton of urea - Photo: Courtesy of PVFCCo. |
The urea output of the plant has met half of the domestic market’s demand since it was established in 2004, making the corporation Vietnam’s leading fertilizer producer.
“The success in Phu My Fertilizer Plant’s operation, production and trade in the past few years plays an important part in the future development of the corporation in the fields of fertilizers and chemicals,” Cao Hoai Duong, executive director of PVFCCo, said in a statement.
PVFCCo was working to operate another fertilizer plant in the southern province of Ca Mau, and to expand operations abroad, aiming to become the leading producer of fertilizers and chemicals in the region.
The corporation obtained a total revenue of VND4,500 billion and a pre-tax profit of VND1,500 billion in the year’s first half compared to the full-year targets of VND8,000 billion VND2,000 billion respectively.
Phu My Fertilizer Plant, located in Ba Ria – Vung Tau Province’s Phu My 1 Industrial Zone, had the total investment capital of US$380 million.