Vision to reach further
MESSAGE FROM THE COMPANY LEADERSHIP
Every brand has its own story. For PVCFC, it is a story of pioneering creation, persistent nurturing, efforts to spread sustainable value chains for farmers, agriculture and the community. From arduous beginnings, the steps have become tougher and tougher to grow, develop and take important role in the fertilizer industry in the country.
Continuously innovating to develop and be more comprehensive on the way of providing nutritional solutions that contribute to ensuring national food security, PVCFC’s development journey brings along gratitude to the trusting support of Shareholders, Customers and millions of Farmers nationwide.
All members of PVCFC are ready with the position of“Constant efforts - Change and Development” to strive to grow stronger and more stable in 2023.
MESSAGE FROM THE COMPANY LEADERSHIP
Dear Shareholders, Partners, Customers and all Employees,
On behalf of the Board of Management and Leadership of PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC, HOSE:DCM), we would like to send you our respectful greetings and best wishes for health, happiness and success!
Ladies and gentlemen,
The year 2022 continues to be a turbulent year as the world faces “multi-crisis” in all fields on a global scale. The persistent between Russia and Ukraine, the decline of major economies such as the United States, United Kingdom, European Union, Japan..., along with China’s “Zero Covid” policy, have slowed the economic recovery momentum, causing supply disruptions, threatening energy security; At the same time, it also poses many challenges to the fertilizer market with complicated and unpredictable developments. Specifically, from the beginning of 2022, the costs for input materials of the fertilizer production and trading industry have increased, resulting in negative effects in the supply chain. The scarcity of input materials also puts a lot of pressure on the global fertilizer industry. However, by the end of the year, the market for plant nutrients began to cool down with supply and price reversal factors, resulting in new difficulties for fertilizer production and trading enterprises in general, and PetroVietnam Ca Mau Fertilizer Joint Stock Company in particular.
In the context of these challenges and opportunities, with internal strength, steadfast will, extraordinary bravery and flexible, creative and innovative adaptation strategies, PVCFC has excelled in driving the business boat through storms, conquering new heights, closing the year 2022 with many proud achievements.
By the end of the year, Ca Mau Fertilizer Plant reached the output milestone of 9 million tons of Urea. PVCFC’s revenue and profit together set a new record, the highest ever. Revenue and after tax profit in the year were recorded at 16,240.76 VND billion and 4,321.08 VND billion, respectively, achieving 112% and 118% of the year plan. More specifically, the revenue of the Company in the year exceeded the target plan in 2025 (expected 15,000 VND billion) showing a strong breakthrough of PVCFC on the journey of sustainable development and prosperity of the Company.
In addition to the achievements in production and business, PVCFC also made a prominent mark in business management, risk management, continued to promote the application of science and technology into the actual operation of the Company, constantly pioneering market creation, increasing competitive strength, making PVCFC deserved with the role and position of a leading brand in the field of fertilizer production and trading in Vietnam. Accordingly, PVCFC is consistent with the pioneering goal of serving not only for a sustainable green agriculture but also for a better community - society.
In 2022, PVCFC is still full of heart in pioneering companionship, well performing social security activities, nurturing lofty human values, continuing the meaningful tradition of “solidarity” and the meaning of Vietnam nation.
Ladies and Gentlemen,
The success of PVCFC is a typical example, showing the fullest of the message “Great adaptability - Strong innovation” that the Company has steadfastly pursued throughout the past year. At the end of 2022, PVCFC was honored for the second time in the Top 50 Best Listed Companies of the year by Forbes Vietnam Magazine. This year is also the 5th consecutive time that PVCFC is proud to receive the “Vietnam National Brand” award. These noble awards of PVCFC are not only typical milestones on the journey to elevate the Company’s brand name, but also greatly contribute to the sustainable development of the country’s agriculture.
Entering 2023, the fertilizer industry is forecasted to still face unending hot issues. Although the road ahead still has much toughness, PVCFC will continue to strive and make constant efforts to fulfill its strategic goals and adapt to the continuous and unpredictable changes of the political and economical situation of the world… based on the foundation of resources, governance system, team culture and especially innovative activities of the Company. “Constant efforts – Development and Change” is also identified as the guideline throughout all activities of the Company in 2023, with the belief of strong transformations, resounding success, and higher and further reaching position of PVCFC.
On behalf of PVCFC’s Board of Directors, we would like to express our sincere thanks to all Shareholders, Investors, Customers, Partners, Agencies and Organizations for always trusting, cooperating and supporting us.
We would like to send our deepest gratitude to all Company’s Officers and Employees for their contributions and dedication to the process of building and developing the PVCFC brand.
Wishing you health, happiness and success!
Best regards,
