At the inaugural ceremony (Photo: tintuc.com.vn)
HAI Agrochem Joint Stock Company (HAI) on September 24 launched the construction of an agrochemical production factory and its laboratory in the southern Long An Province's Xuyen A Industrial Park.

Covering an area of 1.3ha, the factory will have a production capacity of 8,000 tonnes per year.

The factory, considered to be the most modern in the region because of its imported production lines from Germany and Japan, will be built in two phases.

In the first phase, the company will invest 150 billion VND (6.67 million USD) in the production line of mixing, filling and packaging agrochemical products such as EC, SC, SL and GR, besides WG, as well as in a laboratory.

The first phase is expected to become operational by the end of this year.

The second phase of the project will see further investment in plant protection products and fertiliser production lines in the 2016-20 period.

HAI is one of the leading companies in plant protection products in Vietnam. It has a charter capital of about 1.17 trillion VND (52 million USD). In the first nine months of the year, its turnover reached 1.4 trillion VND (62.2 million USD), with pre-tax profit of more than 100 billion VND (4.4 million USD).-VNA