PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – stock code DPM), the manufacturer of Phu My fertilizer, has confirmed that the Phu My Fertilizer Plant is maintaining stable production to meet the high demand for fertilizer during the summer-autumn/rainy season among farmers.
Following the successful completion of the scheduled general maintenance in late April 2023, the Phu My Fertilizer Plant has continued its safe and stable operations. The total output since the beginning of the year has reached approximately 480 thousand tons of various fertilizers and chemicals, with the primary product, Phu My Fertilizer, accounting for approximately 273 thousand tons.
Regarding business operations, the main product lines have been consumed as planned, with a total output of approximately 230 thousand tons of fertilizers and chemicals, including 170,000 tons of Phu My Fertilizer alone. Concurrently, PVFCCo is implementing flexible and timely cargo dispatching plans to effectively fulfill the peak demand of the summer-autumn/rainy season. This crop is of utmost importance following the recent challenging period experienced by farmers.
For the months of May and June 2023, PVFCCo has set production and business output targets of 180,000 tons and 280,000 tons of fertilizers and chemicals, respectively. With the current accelerated pace, PVFCCo is well-positioned to meet the demand for the summer-autumn/rainy season efficiently.
