A farmer harvests sugarcanes. Tuy Hoa Sugarcane and Sugar JSC will enhance its capacity to improve the income of sugarcarn growers and increase its revenue (Photo: VNA) Phu Yen (VNA) - Authorities of the central province of Phu Yen have agreed to the Tuy Hoa Sugarcane and Sugar JSC’s plan to raise production capacity.
The company will enhance its capacity from 2,300 tonnes per day to 3,200 tonnes per day starting from the 2017-18 crop.
Tran Ngoc Hieu, chairman of the board of directors, said the company would invest more than 209 billion VND (9.17 million USD) from now until the end of the year to increase capacity.
Nguyen Chi Hien, vice chairman of the provincial People’s Committee, said the factory’s plan was aimed at improving the income of sugarcane growers and increasing revenue for the company while contributing to the development of the Vietnamese sugarcane and sugar industry.
It would also help in socio-economic development of the province, especially in the mountainous areas where sugarcane was a key crop with an area of over 16,000ha, he added.
The Tuy Hoa sugar factory was built more than 20 years ago in Hoa Phu commune, Tay Hoa district, with initial capacity of 1,250 tonnes per day.
The factory has set a target of producing 26,900 tonnes of refined standard sugar in the 2016-17 crop.-VNA
VNA
