Binh Duong Rubber Company - big investment and high efficiency

After upgrading Cay Truong plantation, Binh Duong Rubber Company has had strong changes in its production and business.

 a rubber plantation of Binh Duong Rubber Company

Increase in profit

Implementing the provincial People’s Committee and Party Committee’s instruction, Cay Truong plantation in 2010 changed into Binh Duong One-member Rubber Company.

At present, the company has allowed using 1,213ha of natural land area, 1,107ha of which is for perennial tree planting and 1,079ha is for rubber tree planting.

The company has reached remarkable results in the initial period of change. In the past year, the company tapped 724ha and collected 1,693 tons of latex with a turnover of VND31.3bil and post-tax profit of VND10.94bil.

Investment for development

The company has kept investing and improving efficiency of production and business in 2011. Vu Duy Vien, director of the company, said “After winning a high profit, we decided to set up funds of standby finance (VND763.7mil), business capital supplement (VND3.5bil), development investment (VND2.55bil) welfare (VND448.5mil), bonus (VND192mil) and so on. All the above funds are for further development in the coming time”.

In addition, the company earmarked VND4.5bil to build some works of hall, parks, lighting system and latex processing plant. The company has been under completion of a VND50bil large-scale latex processing factory. Once operational, the factory will create a large profit for the company.

Also, the company strives to reach a post-tax profit of VND12bil, average income of VND4.5-5mil per capita per month…

Reported by K.Vinh – Translated by A.C

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