Ca Mau Fertilizer achieved positive business results thanks to enhanced management

PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) has just announced impressive business results in the first 2 months of the year, in which the urea fertilizer output of the enterprise reached 157,000 tons, exceeding 17% of the plan, helping Profit reached VND 34.73 billion, equal to 69% of the whole year plan of 2020.

Facing a series of difficulties such as corved epidemic, saline intrusion, the Company has actively implemented coping solutions, enhanced corporate governance, reduced costs, applied technology, researched and developed products new to optimize production and business activities.

In addition to the initiatives to benefit tens of billions of dong, there are also initiatives that contribute to improving the working environment, increasing the life of equipment and machinery, saving costs, ensuring safety. These innovations and technical innovations are mostly directly operated, maintained and researched by young engineers in order to offer solutions to fix equipment and machinery errors, optimize parameters technology in maintenance and operation, increasing the capacity of the factory to 110% running stably throughout so far.

On the other hand, Ca Mau Fertilizer continues to promote consumption in areas not affected by saline drought, actively cooperating with agricultural management agencies to guide people to change the time, technology and varieties. cultivation coping with drought and salinity. At the same time, working closely with the departments of Soc Trang province, implementing a new rice variety demonstration model and advanced rice cultivation process; guide people how to use fertilizer effectively, etc. The model has gained initial results and gradually changed the old production thinking, helping people actively adapt to climate change and cultivate highly effectively.

Before the development of the COVID-19 epidemic, the Board of Directors of the Company also quickly implemented a plan of coping measures and also proposed flexible solutions in production and business to ensure adherence to the goals and plans such as: Flexible application of online forms to deploy the work; diversifying forms of product branding; building a dialogue forum, strengthening cooperation between units in the Vietnam Oil and Gas Group (PVN) and in the fertilizer industry to form specialized groups in the fields of production, business and research and market forecasts to exploit and update information promptly, taking advantage of available strengths and strengths among the parties.

It is predicted that the increasing demand for rice storage in the context of the Covid – 19 epidemic will support farmers to boost production, thereby promoting fertilizer consumption. Along with that, the drop in oil price will also be a positive signal to help reduce the cost of raw materials for urea production. This contributes to strengthening investors’ confidence about the positive business results of Ca Mau Fertilizer in the first quarter, as well as the whole year 2020.

Recently, the Company has signed a cooperation agreement with VietFarm to research and invest in the microbiological organic fertilizer segment to continue the goal of diversifying product development, focusing on organic fertilizer lines, Microorganisms apply high-tech science in line with market trends and modern agricultural production orientations in the coming time.

Productivity and Quality Office