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Km9+100 Vo Van Kiet Street, Phuoc Hoa, Binh Tri, Binh Son, Quang Ngai Province, Vietnam
PV Building: Steady growth
With solutions to promote production and business implemented synchronously and drastically, in the first 6 months of the year, many targets/plans set by PetroVietnam Building and Trading Joint Stock Company (PV Building) were achieved and exceeded the plan.
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Hoạt động kinh doanh hạt nhựa PP vẫn chiếm tỷ trọng cao |
Mr. Tran Doan Thinh – Director of PV Building – said: In the first 6 months of 2018, PV Building continued to receive regular attention and support from shareholders, especially the controlling shareholder BSR; thanks to that, many production and business targets were achieved and exceeded the plan. The company’s total revenue for the first 6 months reached VND321.91 billion, up 5.44% over the same period in 2017. Profit after tax reached VND8.8 billion, up 65.04% over the same period in 2017.
PP plastic resin business still accounts for a high proportion
However, in the first 6 months of 2018, due to great competitive pressure and continuously increasing raw material prices, the production and trading of packaging products were greatly affected. The Fococev system (the company’s largest customer consuming more than 3 million bags/year) had a decrease in production output and the demand of some other customers such as Thai Viet, Unipresident… decreased, leading to a significant decrease in the company’s agricultural product bag consumption output, reaching only 85.19% of the plan. To overcome the difficulties, the company has made efforts to find new customers such as Wanek Furniture, Millennium Furniture, Xindadong… and develop new product lines to improve the efficiency of the factory’s existing production lines.
The PP plastic resin business of Dung Quat Oil Refinery (NMLD) still accounts for the highest proportion of revenue with the consumption output in the first 6 months of the year reaching 7,605 tons, exceeding the plan by 5.63% and estimated at 66% of total revenue. Product distribution contracts signed with reputable consumption sources are implemented closely, ensuring progress, efficiency and capital safety. In particular, the company’s consumption of wooden pallets in the first 6 months of 2018 also reached 66,000 units, exceeding the supply plan for Dung Quat NMLD by 10%.
In addition, the logistics service sector and related activities such as security, sanitation, environment, fire prevention, fire fighting, monitoring the implementation of housing regulations, etc. are carried out regularly and stably. The services of picking up and dropping off leaders and officers, workers and employees of Dung Quat Refinery, taking care of trees, etc. are increasingly professional, vehicles and drivers are invested in and trained properly, which has enhanced the image and brand of the company.
According to Mr. Tran Doan Thinh, to achieve the above results, the company has regularly sent employees to participate in training courses to improve professional qualifications, and occupational safety and hygiene training for all employees of the company. The work of searching for and expanding the market, having flexible policies to retain traditional customers is highly valued.
Identifying that the market will continue to fluctuate in the last 6 months of the year, to ensure the completion of production and business targets, PV Building must continue to control and improve product quality at each stage through improving the quality management system according to ISO 9001:2015 standards; assigning responsibility for product quality to each production department; thoroughly imbuing the spirit of saving to each employee, creating a mechanism to encourage employees to have initiatives to help reduce costs, bringing benefits to the company.
In the first 6 months of the year, the PP plastic bag line supplied to Dung Quat Refinery was maintained stably with output exceeding 6.97% of the plan and reaching 53.48% of the yearly plan; quality is increasingly improved, bringing good profits to the company.
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