The age of 18 is considered the most beautiful one of human life and also a period of full energy. For PVFCCo, not only so, but 18 also marks its maturity and long-lasting.
PVFCCo was turning into a new age after being tempered by the unprecedented challenge of the Covid-19 epidemic. Not to mention in 2020, natural disasters and floods raged in the Central region, severe droughts and salinization were taking place in the Central Highlands and the South West region, causing heavy harm to agricultural activities. Those related enterprises like PVFCCo were facing serious difficulty as the need for agricultural materials on the downturn, supply exceeded demand.
However, featuring firm stuff and a thick experience, thorough preparation, and initiative, PVFCCo has overcome challenges, secured absolute safety in production, and a maximized efficiency in trading.
Among other factors that made a marvelous achievement of PVFCCo at the age of 17, the most highlight able one is the identification and use of the opportunity with a sharp mind. There was an inevitable fact that sensitively grasping and taking advantage of opportunities is perhaps the most outstanding factor. As a sub-enterprise of the Oil and Gas Corporation, the drop in oil prices is advantageous due to the decrease in input material prices. It is a golden opportunity, but how to use it to achieve the highest efficiency is also a different story, depending on the bravery of the business.
After careful assessment in many aspects, PVFCCo decided to suspend the overall maintenance plan of Phu My Fertilizer Plant in 2020. At the same time, push the plant's capacity to maximize and take advantage of the opportunity. The price of raw materials is to ensure that machinery and equipment operate safely. As a result, the factory achieved unprecedented high output in 17 years of operation with more than 866,000 tons of finished urea, above the upgraded design capacity of 800,000 tons.
Also, in 2020, many fertilizer manufacturers in the world suspend exports due to the impact of the Covid-19 epidemic, PVFCCo seized the opportunity in order to meet the needs of the domestic agricultural industry, PVFCCo signed and executed export orders with a volume of 71,000 tons of urea - the largest ever. Those successes at the year 17 have built a solid foundation, a strong driving force, and a belief for PVFCCo to turn 18 in all aspects.
From its origin until this point, PVFCCo always strives to explore, research, and invest in creating high-quality fertilizer products, contributing to her. Farmers produce rich crops in fields, farms, and gardens.
PVFCCo considers ensuring product quality to meet market demand is essential for the Corporation's survival. Currently, PVFCCo has a reasonably comprehensive fertilizer product set including Phu My Fertilizer, Phu My Potassium, various formulations of NPK Phu My, and most recently, PVFCCo has launched a new product to the market, Dam Phu. America + Kebo. This is a nitrogenous fertilizer with added micronutrients (TE) and is used exclusively for coffee plants, fruit trees, and vegetables; helping to increase the ability to flower, produce fruit, increase crop productivity, improve the production efficiency of farmers - which is one of the main goals that PVFCCo has consistently pursued for many years.
In addition to fertilizers, PVFCCo also affirms its position in chemical production, specialized chemicals for factories in the chemical fertilizer industry, oil and gas contractors in Vietnam. The contribution of revenue and profit from the chemical segment to PVFCCo is increasingly high, helping the company to be more and more balanced, walking with both "fertilizer" and "chemical" feet, contributing to creating the solid position of PVFCCo today.
PVFCCo, 18 years old, is still treasured. Whether in good or even in difficult times, the spirit of "Responsibility, sharing" of the employees is always shown as a mission and becomes a shining feature in the culture of PVFCCo.
PVFCCo 18 years old is also the journey of years of serving the community through many social security programs, such as building charity houses, schools, hospitals, rural bridges ... all over the country, with total funding up to thousands of billion, significantly contributing to the improvement of living conditions, education, and health of thousands of farming households nationwide.
PVFCCo has also put effort into social work no less than running profit. The "Responsibility, sharing" spirit of the employees' collective has consistently been shown as a mission and become a beauty in PVFCCo culture. PVFCCo 18 years old is also the journey of years of serving the community through many social security programs, such as building charity houses, schools, hospitals, rural bridges ... all over the country, with total funding up to thousands of billion, significantly contributing to the improvement of living conditions, education, and health of thousands of farming households nationwide.
Most recently, in early 2021, before the complicated situation of the Covid-19 epidemic in Hai Duong province, PVFCCo provided urgent support of 500 million VND to the region to join hands to prevent the outbreak. Not only that, but PVFCCo also plans to coordinate with the local agriculture industry to implement solutions to help people recover production after the epidemic, prepare for the upcoming crop such as technical cultivation instructions, eradicate pests and diseases so that people can quickly go back to their everyday lives ...
Proving that PVFCCo not only cares about the main task of production and business but also social-economic duties!
At the age of 18, in addition to the advantages, PVFCCo also faces many immediate difficulties and challenges. Phu My Fertilizer Plant has been in operation for over 17 years, with many potential risks; prices of input gas sources often fluctuate and become more and more competitive; The Covid-19 epidemic continues to develop complicatedly in the world, especially in countries with excellent trade relations with Vietnam, which have a direct impact on the export and import of agricultural products, affecting the fertilizer production and trading of PVFCCo ...
Stepping into the year 18, with a wealth of experience, plus cultural identity; we believe that PVFCCo will continue to reap new successes in the new age. Primarily, Phu My Fertilizer Plant overhaul will be successfully carried out; confirms the position of NPK Phu My; released more new products ...
The 18 years of PVFCCo will indeed be strived to be marked by the best of the employees.
On March 28, 2003, Petrovietnam Fertilizer and Chemical Company (the predecessor of PetroVietnam Fertilizer and Chemical Corporation - PVFCCo) was officially established. Since then, PVFCCo has actively contributed to the sustainable development of agriculture and the country's economy.