PVCFC’s output hits 5 mln tonnes of urea after 7 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% of the country’s demand and approximately 60% 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% higher than the firm’s yearly target and 5% higher than 2016’s figure. It sold more than 864,000 tonnes of urea for nearly VND5.89 trillion (US$259.16 million), up 6% in volume and 13% 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 VND14,500.