HAI Agrochem Joint Stock Company (HAI) starts the construction of an agrochem production factory and its laboratory in the southern Long An Province. — Photo tintuc

LONG AN (Biz Hub) — HAI Agrochem Joint Stock Company (HAI) on September 24 launched the construction of an agrochem 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, equipped with production lines imported from Germany and Japan, will be built in two phases. In the first phase, the company will invest VND150 billion (US$6.67 million) 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. It 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 Viet Nam. It has a charter capital of about VND1.17 trillion ($52 million). In the first nine months of the year, its turnover reached VND1.4 trillion ($62.2 million), with pre-tax profit of more than VND100 billion ($4.4 million). — VNS