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Brick manufacture is predicted to gain stable growth

 As planned, Binh Duong Building Materials and Construction Co. (M&C) will turn into the company limited with one member on July. With the new operational model, the company’s main task is to promote its market expansion.

 

Despite the impacts of the world economic crisis last year, M&C still maintained its robust growth. M&C reached VND640.907bln of total revenue, or 147% of the projection; VND255.186bln of profit, or 233% of the projection and paid VND for the State budget, or 166% of the projection. Noticeably, the management and use of the company’s State capital saw stable signs and high growth. The company’s State capital was VND398.533bln in 2008 and increased to VND593.049bln in 2009.

 

With the new operational model, one of M&C’s key tasks is to further expand its market amid many positive signs of the domestic building materials market. Pham Ngu Co., head of the representative office of M&C in HCM city said that there will be the great demand for brick, tile and stone products from 2010 to 2020 and this will be the chance for M&C to sell its products with all the production capacity. Also according to him, M&C will further accelerate its development strategies on prices, products, distribution and marketing.

 

Reported by Dam Thanh-Translated by K.T