After going public in October 2004, Fococev Starch Joint Stock Company has extensively invested in upgrading machines and equipment to scale up production and improve the quality of products.
Right after the privatisation, the company’s management embarked on stabilising personnel apparatus, elevating professional levels of employees by sending them to higher training classes to master new scientific and technical progresses applied to production. In addition to outlining purchasing methods and supports for farmers to grow and tend cassava plants, the company also has policies to encourage localities to expand cassava growing areas. Accordingly, Fococev has dispatched its specialists to targeted localities to guide cultivating, tending and harvesting techniques.
With persevering efforts of all staff, Fococev has made impressive achievements in the past years: The growth of profit increases year after year. Each year, the company spends millions of Vietnamese dong to build charity houses. It has also joined the Programme 135 which focuses on improving water quality, sanitation and environment in rural areas. Remarkably in 2010, the company attained sales of nearly VND260 billion and net profit of nearly VND31 billion, and paid more than VND17 billion to the State Budget, which accounts for more than 70 percent of the budgetary revenue of Song Hinh district.
Fococev always pays attention to building material zones to ensure stable operation of its production facilities. Apart from basic raw material zones with a regular area ranging from 5,000 ha to 5,500 ha, the company is willing to purchase all cassava from farmers. High purchasing prices and flexible and easy purchasing methods are strongly supported by farmers. As cassava areas are expanding rapidly, the company has installed new processing lines with daily processing capacity of 80 tonnes a day to raise its daily capacity of 230 tonnes. Additionally, the firm will open a latex processing factory and invest in waste treatment technology.
Mr Tran Vinh Xuan, Director of Fococev Starch Joint Stock Company, said: In the next season, the company will continue investing seedlings and manures, and guiding farmers to use intensive farming techniques. However, it will make selective and priority-based investments. The firm will invest in seedlings for farmers to plant cassava in unused soil or crop-changing areas. In the long term, Fococev will build some roads in farming areas to facilitate transportation of materials from farms to factories.
With strategic steps, Fococev has asserted its position on the market and actively supported farmers to generate bumper crops.
Vietnamese
