Overview
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Transaction NamePetroVietnam Fertilizer and Chemicals Corporation
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Business Registration Certificate
0303165480
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Charter Capital
VND 3,914,000,000,000
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Owner’s Equity
VND 3,914,000,000,000
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Address
43 Mac Dinh Chi, Da Kao Ward, District 1, Ho Chi Minh City
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Tel
+84.28 3825 6258
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Fax
+84.28 3825 6269
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Website
www.dpm.vn
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Stock code
DPM
Charter Capital
3,914
BILLION VND
VISION - MISSION
VISION
Developing to become a leading producer and trader of fertilizers and chemicals for agriculture and oil and gas industry in Vietnam and Southeast Asia.
MISSION
To provide customers with a sufficient and reliable source of high-quality fertilizers and chemicals at competitive prices, thereby achieving good business performance, contributing to the long-term development of the agriculture sector in Vietnam.
HISTORY AND GROWTH
Date of establishment
PetroVietnam Fertilizer and Chemicals Company (PVFCCo), now called PetroVietnam Fertilizer and Chemicals Corporation JSC, is a member of PetroVietnam. PVFCCo was founded under Ministerial Decision No. 02/2003/QĐ - VPCP dated 28 March 2003 and officially inaugurated on 19 January 2004.
On 21 September 2004, PVFCCo acquired Phu My Fertilizer Plant from Technip - Samsung Consortium and has since launched the Phu My Urea brand.
Restructuring
On 15 March 2007, the Ministry of Trade and Industry (MTI) issued Decision No. 793/ QĐ-BCN to approve the change from a 100% State-Owned PetroVietnam Fertilizer and Chemicals Company to PetroVietnam Fertilizer and Chemicals Joint Stock Company.
On 21 April 2007, PVFCCo successfully issued 40% of its shares in an initial public offering on the Ho Chi Minh Stock Exchange (HOSE).
On 30 June 2007, PVFCCo held its inaugural Annual General Meeting of Shareholders to approve the change to a joint stock company and the corporate charter. The AGM included the election of the Board of Directors and the Board of Supervisors and announced the business plans.
On 31 August 2007, the Ho Chi Minh City Department of Planning and Investment granted the Corporate Business Registration Certificate No. 4103007696, thus PetroVietnam Fertilizer and Chemicals Joint Stock Company was officially incorporated.
On 29 October 2007, the PVFCCo completed the documentation in preparation for the listing of shares on the Hochiminh City Stock Exchange (HOSE). On 5th November 2007, the PVFCCo listed 380 million shares on HOSE. It added 11.4 million shares under the Employee Stock Ownership Plan (ESOP) dated 26 February 2016.
Type of share : Common Stock
Stock code : DPM
Par value : VND 10,000 per share
Number of listed shares : 391,400,000 Shares
On 5 April 2008, the General Meeting of Shareholders passed a resolution to transform the Joint Stock Company into a Corporation (under a parent-subsidiary model).
On 15 May 2008, the Ho Chi Minh City Department of Planning and Investment granted PetroVietnam Fertilizer and Chemicals Corporation the Amended Business Registration Certificate No. 4103007696.
MILESTONES
12 March 2001
Groundbreaking ceremony for the construction of Phu My Fertilizer Plant was held.
28 March 2003
PetroVietnam Fertilizer and Chemicals Company (PVFCCo)was founded
21 September 2004
PPVFCCo took over full responsibilities of Phu My Fertilizer Plant, formally launched the Phu My Urea brand.
15 December 2004
Phu My Fertilizer Plant was put into operation.
31 August 2007
PVFCCo was transformed into a Joint Stock Company.
05 November 2007
DPM was listed and traded on HOSE.
15 May 2008
PVFCCo was turned into PetroVietnam Fertilizer and Chemicals Corporation.
14 September 2010
A Carbon Dioxide Recovery (CDR) System was inaugurated, increasing the capacity of Phu My Fertilizer Plant to 800,000 tons per year.
16 July 2011
PVFCCo Tower’s Head office was inaugurated.
28 March 2013
PVFCCo celebrated 10 years of its founding and received the First - Class Labor Order.
3 December 2014
Phu My Urea of PVFCCo was recognized as the National Brand 2014 by the Government of Vietnam
Quarter 3/2015
Started the construction of NH3 Revamp Project and Phu My NPK Plant.
06 May 2018
NH3 Revamp - Phu My NPK Complex was put into operation
BUSINESS LINES AND LOCATIONS
The distributors are situated in the agricultural heartland and industrial plants in Vietnam. They form a closely-knitted distribution network of subsidiaries and their regional headquarters are located in the North, Central and Highlands, Southeast and Southwest. In addition to the domestic market, the Corporation also exports fertilizer products to many countries, predominantly in Asia.
BUSINESS LINES
PVFCCo’s core business is the production and trading of fertilizer and chemicals. Currently, the key products are prilled Urea, NPK, MOP, SA, DAP fertilizers targeted at the agriculture sector, liquid Ammonia and UFC85/Formaldehyde, H2O2, chemicals used in oil and gas production.
MAIN LOCATIONS
PVFCCo’s main production is at Phu My Fertilizer Plant located in Phu My 1 Industrial Park, Phu My Town, Ba Ria - Vung Tau Province.
The distributors are situated in the agricultural heartland and industrial plants in Vietnam. They form a closely-knitted distribution network of subsidiaries and their regional headquarters are located in the North, Central and Highlands, Southeast and Southwest. In addition to the domestic market, the Corporation also exports fertilizer products to many countries, predominantly in Asia.
The key customers and markets for chemicals are in the South, mainly in the oil & gas industry and industrial production sectors.
RECOGNITION AND AWARDS IN 2020
THE NATIONAL BRAND
for the 4th consecutive time
(every two years)
THE NATIONAL BRAND
4th
PVFCCo ranked among Top 5 mid-cap listed companies and was awarded with Best corporate governance companies in 2020 by Ho Chi Minh City Stock Exchange.
TOP
5
Phu My Fertilizer brand retains its position among the Top 50 most valuable brands in Vietnam (voted by Forbes)
TOP
50
Phu My Fertilizer won the title of High Quality Vietnamese Goods for the 17th consecutive time.
High Quality
Vietnamese Goods
17th
MEDIUM AND LONG-TERM STRATEGIC OBJECTIVES
THE 2025 - 2035 DEVELOPMENT STRATEGY IS ALIGNED TO THE RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS IN 2016. PVFCCo HAS SET KEY TARGETS FOR 2021 – 2025 PERIOD WITH THE FOLLOWING OBJECTIVES:
OVERALL OBJECTIVES
- By 2025: To invest in the construction of fertilizer and chemical plants with modern technologies and advanced management skills to diversify products; To improve the distribution of fertilizers and chemicals to countries in the region as well as in the world; To develop PVFCCo into a top high-tech fertilizer and chemical enterprise in Southeast Asia and rank as Top 10 in terms of production output.
- By 2035: Strive to become a company in the Top 10 in the Asia region in the fertilizer and chemical industry.
SPECIFIC OBJECTIVES
Production
For 2021 – 2025 period
- Maintaining and developing facilities and factories, including: Phu My Fertilizer Plant, NPK Plant and chemical plants. At least 02 main fertilizer products and 03 main chemical products.
- Increasing Phu My NPK’s output to 500,000 tons/year.
- Continuing to develop and produce chemical and petrochemical products on a large scale with modern technologies, on par with the fertilizer sector.
- Maintaining and developing product improvement projects and producing specialized fertilizers/chemicals derived from primary products (Urea, NPK).
For 2025 – 2030 period
- The chemical production sector will play a key role, surpassing the fertilizer production sector.
- Increasing the output of Phu My NPK to 750 thousand tons/year by 2030 (only if NH3 input is balanced).
Operations
For 2021 – 2025 period
- Maintaining the market share of existing products.
- Selling out all manufactured products.
- Revenue from the chemical sector to account for 70% of the total revenue.
- Expanding the fertilizer market in Northeast Asia and South Asia.
- Increasing the consumption of fertilizers/specialized chemicals compared to the period of 2016 - 2020.
For 2025 – 2030 period
- Maintaining the market share of existing products. Phu My NPK accounting for 18% of the domestic market share.
- Selling out all manufactured products.
For 2031 – 2035 period
- The profit from the chemical sector accounting for more than 70% of the total profit.
- Phu My NPK accounting for 20% of the domestic market share.
- Continuing to expand into the fertilizer market throughout Northeast Asia and South Asia.
Construction investment sector
For 2021 – 2025 period
- Completing on schedule the Phu My NPK Expansion Project (increasing to 500,000 tons/year).
- Implementing preparation steps for new fertilizer (Urea and NPK based) and chemical projects.
For 2025 – 2030 period
- Completing new production projects on schedule.
For 2019 - 2020 period, based on the actual situation, the Corporation will review and assess implementation of the Development Strategy and propose appropriate solutions and adjustments for 2021 - 2030 long-term objectives.
