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Nhan Co alumina achieves VND 3.2 trillion revenue in first 6 months

Metal News - Published on Thu, 19 Jul 2018

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Vietnam Plus reported that the Vietnam National Coal and Mineral Industries Group’s Nhan Co Alumina plant in the Central Highland province of Dak Nong gained more than 3.2 trillion VND (141 million USD) in revenue in the first six months of the year. According to a report from the Dak Nong Aluminum Company the plant’s operator, the Nhan Co factory produced more than 324,000 tonnes of alumina in the first half of 2018, or 56% of the set target for the whole year. After one year of operation, the plant’s total alumina output was 600,348 tonnes.

Around 303,000 tonnes of alumina produced by the Nhan Co plant were consumed during the January to June period, equivalent to 55.6% of the annual plan.

Vinacomin chairman Mr Le Minh Chuan said that advanced technical solutions, rational production chains, and strict management of technical standards and costs are the key to reducing production costs while improving production efficiency.

With more than 98.6% of alumina content, the plant’s products have been favoured in many foreign markets like Japan, the Republic of Korea, Hong Kong, Singapore, the United Arab Emirates and Sweden.

This year, Vinacomin inked long-term agreements with its partners in India and the UAE to consume the products from the Nhan Co Alumina plant.

The Nhan Co plant plans to produce 580,000 tonnes of alumina in 2018, gain 4.46 trillion VND (196.24 million USD) in revenue, and contribute 424 billion VND (18.65 million USD) to the state budget.

The Dak Nong Aluminum Company is striving to produce 630,000 tonnes of alumina in 2018, up 8.6 percent from the amount assigned by Vinacomin.

Director of the company Hoang Khai Quoc Minh said that the company will work to master the state-of-the-art production line, and invest in the analysis of technical system to ensure stable operation of the production line.

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Posted By : Joykumar Irom on Thu, 19 Jul 2018
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