(Petrotimes, 13:00 | 26/03/2019)
Since launching the first product batch to the market in 2004, PVFCCo has provided 11 million tons of Phu My Urea and millions of tons of other Phu My Fertilizer, significantly contributing to the stabilization of the domestic fertilizer market and economizing hundreds millions of dollars on importing fertilizers for the country annually.
16 years ago (28/03/2003), PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), whose precursor is PetroVietnam Urea and Chemicals Company, was established with the aim of receiving Phu My Fertilizer Plant – the first Vietnamese plant produces fertilizers from natural-gas resources with capacity equivalent to approximately 50% of domestic fertilizer demands at that time. So far, PVFCCo has constantly developed and enhanced its production, business and corporate governance capabilities, becoming the leader in Vietnamese fertilizer industry.
PVFCCo has maximally utilized its internal force and operated Phu My Fertilizer Plant safely and stably, constantly completing and exceeding the output target for years. PVFCCo has developed and become a big corporation including 4 subsidiary companies, 3 branches and the large distribution network spreading all Vietnamese regions.
