Ho Chi Minh City – January 10th 2012 — Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo – stock code: DPM) is forwarding intensively its distribution of fertilizer productions to entrepots and terminal depots. This is aimed to timely meeting the fertilizer demand of Winter Spring crop 2012, most notably the pre and post New Year Festival period.
570,000 ton is an estimated figure of the total urea demand in the first quarter of 2012, in which the demand of Northern provinces – PVFCCo’s key market, accounts for nearly 44% (250,000 ton). During the first quarter of 2012, PVFCCo is expected to supply approximately 300,000 ton of urea to the domestic market. Therefore, along with a reserve of 250,000 ton of urea available in its consuming network, the demand of Winter Spring crop 2012 is secured to be met.
Until December 2011, PVFCCo had invested in building the network of entrepots, terminal depots on a nationwide scale, located inpositionswhich are appropriate for key consumer markets or even grand maritime ports, as well as for loading, unloading and transporting goods. In addition, there are varieties in the capacity of goods depots in different provinces. It ranges from 8,000 tons in Nghi Son (Thanh Hoa province), 10,000 tons in Vung Ang (Ha Tinh province) to 16,000 tons in Hai Phong, 20,000 tons in Cai Cui (Can Tho province) and 25,000 tons in Nhon Binh (Binh Dinh province). Presently, the total capacity of PVFCCo’s goods depot network gains considerably over 215,000 tons. Thanks to thestorage network and the consuming network developed on a nationwide scale, PVFCCo are able not only to control products distribution but also to reduce the circulating expenses, this allows its products to be sold out at a rational price. Especially in the current context, the price of gas that used for producing protein has increased 40 percent as compared with 2011 (from 4.59 to 6.43 USD per million BTU), complying to the itinerary of the Government.
As for the sales policy, PVFCCo carries on intensifying surveillance of posting price and selling out at the posted price, in parallel with ensuring the fixed price. Furthermore, PVFCCo also reinforces its supervision over the sales of the consuming network in order to tame the raising price to a maximum degree.
PVFCCo is the leading Vietnamese entrepreneur in producing and trading fertilizer and chemical. DPM is rated as bluechip in the stock exchange. Lately, PVFCCo has entered the system of Market Vectors Vietnam Index—one of the indicators that used for assessing the health of Vietnamese stock exchange. To be present in the system, PVFCCo has met strict criteria on scale operation, liquidity and market capitalization.
