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In the first quarter of 2011, Phuoc Hoa Rubber Joint Stock Company (JSC) secured VND254bln in profit. This was also the highest result done by the company over the past ten years.

 Under its Party Committee’s leadership, Phuoc Hoa Rubber JSC well realized the set targets in production-business and took good care of the lives of laborers in the first quarter of 2011. It was estimated that the company’s production-business results reached 41% of this year’s plan. The company also exploited 3,875 tons of rubber latex or 19.37% of this year’s plan; processed 4,879 tons of various rubber latex products; paid more than VND78bln for State budget…

Rubber latex being processed at Phuoc Hoa Rubber JSC

 This above result came from the good leadership of the company’s Party Committee in managing, growing and tending rubber trees as well as processing rubber latex products. Yearly, the company has attached special importance to liquidating its low-productivity rubber gardens for re-cultivation to have higher productivity.

The company has also spent more investment on production technologies to improve the quality of products and set up a quality management room under the ISO/IEC 17025:2005 standards and the ISO:9001-2000 quality management system. As a result, the company’s products have always won the faith of clients at home and abroad. They are now present in many countries of Europe, Asia, Latin America…

 Vice-Secretary of Phuoc Hoa Rubber JSC’s Party Committee Pham Quang Giong said that the Party Committee of the company will further instruct the company’s units to prepare for the new exploitation in mid-April. It is expected that the company will strive to exploit 2,400 tons of rubber latex in the second quarter of 2011. The company will also further purchase rubber latex from private rubber tree gardens; have good preparation for re-cultivating 650 ha of rubber trees by the end of July…

Tran Thi Kim Van, Vice-Chairwoman of provincial People’s Council also praised Phuoc Hoa Rubber JSC’s achievements in the first quarter of 2011 while saying that the company needs to promote the implementation of the Resolutions of the 9th provincial Party Congress and the Resolution No.11 of the Government on stipulating measures to curb inflation and stabilize the macro economy; have good preparation for re-cultivation; strengthen Party-building work and pay more attention to the lives of laborers…

Reported by Hoa Nhan-Translated by K.T