PVCFC’s output hits 5 mln tonnes of urea after 7 years of operation

Hanoi (VNA) –  PetroVietnam Ca Mau Fertiliser Company Limited (PVCFC)’s total output hit 5 million tonnes of urea on May 24, after seven years of operation.

The company, also known as Dam Ca Mau (DCM), has an annual capacity of about 800,000 tonnes of urea, which meets more than 40 percent of the country’s demand and approximately 60 percent of the market share in the Mekong Delta, the country’s largest rice bowl.

Its products have been exported to a number of foreign countries, including Cambodia.

Last year, PVCFC produced about 848,000 tonnes of urea, 13 percent higher than the firm’s yearly target and 5 percent higher than 2016’s figure. It sold more than 864,000 tonnes of urea for nearly 5.89 trillion VND (259.16 million USD), up 6 percent in volume and 13 percent value from a year earlier.

The firm made its debut on the Ho Chi Minh City Stock Exchange (HOSE) on March 31, 2016 with more than 529 million shares offered at a reference price of 14,500 VND.-VNA