Ca Mau Gas-Power-Fertiliser Complex marks 10th anniversary

Wednesday, Mar 17, 2021 14:27

Chairman of the People’s Committee of Ca Mau Province Le Quan addresses the ceremony. — VNA/VNS Photo Kim Ha

The Ca Mau Gas-Power-Fertiliser Complex, invested by the PetroVietnam Camau Fertiliser JSC (PVCFC), has recorded strong growth over the past decade and become the leading fertiliser production hub of the country, heard a ceremony on Tuesday to mark the 10th anniversary of the PVCFC.

Last year, the firm reeled in nearly VND717 billion (US$30.95 million) in pre-tax profit, surpassing its target by 41 per cent and a rise of 56 per cent year-on-year.

For 10 years to February this year, the Ca Mau Gas-Power-Fertiliser Complex earned nearly VND245 trillion, and paid VND16.5 trillion to the State budget, making it the largest source of budget collection in Ca Mau.

So far, the PVCFC has generated nearly VND57 trillion in revenue, with a pre-tax profit of VND6 trillion. It has exported 1.02 million tonnes of urea among total production of 7.31 million tonnes.

Addressing the ceremony, Chairman of the People’s Committee of Ca Mau Province Le Quan expressed his hope that the PVCFC will continue expanding its projects in Ca Mau, and turn the Ca Mau Gas-Power-Fertiliser complex into a major hub of the oil and gas industry.

Meanwhile, General Director of PVCFC Van Tien Thanh committed that along with the expansion of production and business, the firm will continue to engage in charity and social welfare activities in the locality, as well as promote agricultural sustainability. — VNS

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