(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.
Phu My fertilizer products trusted to select by farmers
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 Fertilizers, significantly helping to stabilize the domestic fertilizer market and economize hundreds of millions of dollars on importing fertilizers for the country annually. “Phu My fertilizer” brand, which is always a prior choice of farmers, has been evaluated as one of 40 the most Vietnamese valued brands, voted “Vietnamese high-quality goods” for 16 successive years, as well as the official partner of the governmental “National Brand” program.
Since 2018, the complex project to revamp the capacity of PVFCCo’s NH3 Unit and to construct Phu My NPK chemical technology plant has been put into operation, marking a new milestone in the development stage of the Corporation. From here, PVFCCo has been able to supply the market with superior quality Phu My NPK products replacing imported products, contributing to meeting advanced agricultural production demands of farmers nationwide.
Phu My NPK production
Addition to fertilizer products with high position in the market, PVFCCo has continued to promote chemical ones and started asserting its own position in this field. Thanks to NH3’s expansion, PVFCCo’s output increased up to 540 thousand tons/year. With NH3 products and other specialized chemicals, PVFCCo has gradually enhanced turnover and profit ratio from chemical products, ensuring the future sustainable development.
Being a listed stock company, PVFCCo focuses on not only production and business but also corporate governance and investor relations. PVFCCo’s company operation of all aspects has always been informed promptly, fully and accurately to shareholders and investors. Therefore, PVFCCo’s corporate governance has always been highly appreciated by shareholders and financial institutions. It has received prestigious titles such as "Best IR Performance", "Top 3 ASEAN corporate governance", etc.
The program “Phu My - Warm with Love”
In addition to successfully completing the business and production tasks, PVFCCo is also one of the leading companies in the corporate social responsibility field. Since its foundation, PVFCCo has spent almost VND 1,000 billion on social security programs in the fields of health, education, great unity houses construction, humanitarian relief and gratitude.
At the age of 16, PVFCCo continues to focus on optimizing production capacity and efficiency; constantly diversifies, improves and enhances the product and service quality; continues to consolidate the distribution network and direct sales policies towards greater flexibility; continues to improve governance according to the highest standards; overcomes all challenges and steadily progresses to new goals on the own development path.