Minh Duc Company: Strengths Mobilised

3:26:23 PM | 7/8/2005

Minh Duc Chemicals Joint Stock Company was established on 1 January 1999 by Decision 2433/QD/UB of Haiphong People’s Committee. The main products of the company are CaCo3 (light and heavy powder) and other chemicals for cosmetics, rubber, paper, paint, plastics, footwear, etc. The company has also produced CaO, Ca(OH)2 for agriculture and construction.

In five years of development, the average growth rate of the company is 32.2 per cent/year. By September 2004, the company reached VND26,272 million in turnover, VND2,333 million in revenue, and created 464 jobs. The company has invested VND10 billion in production lines increasing its capacity to 100-120 tonnes/year and imported new equipment for the production of export items.

The company has successfully mobilised resources increasing the registered capital from VND3.5 billion to over VND20.5 billion, the turnover from VND16 billion to VND55 billion, and State revenue from VND250 million to VND2,500 million. It will be granted ISO 9001:2000 certification by the end of 2004. So far the company has won five golden medals at Vietnam Industry Fairs and a golden cup at Do Son International Fair.