DAP No.2 plant welcomes first tons of fertilizer
01/01/2015 12:01
On December 28th, 2014, after 31 months of construction, the Diammonium phosphate fertilizer (DAP) plant No.2 in Lao Cai province owned by DAP No.2 JSC under the Vietnam Chemicals Group (Vinachem) has its first batch of product.
Located at the Tang Loong industrial park in Bao Thang district, Lao Cai province, the DAP plant No.2 is constructed in an area of 70,85 hectares. It has total investment of over VND 5.1 trillion, in which VDB’s financing over VND 1.8 trillion.
With designed capacity of 330.000 tons of products per year, the plant is expected to generate a revenue of over VND 3 trillion and to create jobs for 600 local labors. Its production adds 660 thousand tons / year to the country’s DAP fertilizer production. The plant operation marks a milestone in the DAP supply for the domestic market. It is also an advance in use of natural resources use available in Vietnam./.