The company was officially established on the basis of the equitisation of Ninh Hoa Sugar Factory, an affiliate of Khanh Hoa Sugar Company in 2006. Under the leadership of the Board of Directors and the support of the local authorities, Ninh Hoa Sugar Joint Stock Company (NHS) has managed to maintain stable production, improve material and spiritual life of employees, contributing to the socio-economic development of Ninh Hoa town in particular and Khanh Hoa province in general.
Ninh Hoa Sugar Joint Stock Company is a diversified enterprise. At the first place, the company specializes in sugar industry. It has gradually developed manufacturing and service sector including construction of industrial project, civil processing, mechanical engineering, agricultural material trade; road transportation, warehouse services, etc. in order to increase the scale and efficiency of business and make Ninh Hoa brand a strong business in the region and the country. In recent years, the company has been continuously investing in modern equipment to increase plant capacity from 3,700 TMN to 4,500TMN. The company is expecting to continue to increase processing capacity to meet growing demand and increase the competitiveness of itself. Only in 2012, the company’s total output reached 540,000 tonnes of sugarcane plants, 140 thousand tonnes beyond the plan set at the beginning of the year. Pre-tax profit of the company reached about VND90 billion. The company appears in the list of VNR500 (500 Vietnam's largest enterprises) and the top 200 companies under US$1 billion in Asia selected by Forbes magazine. It was also awarded the Vietnam Gold Star Award 2011.
Along with production capacity, the company leaders consider quality, labor safety and reasonable cost the keys to help its products improve their competitiveness to meet expectation of customers towards NHS brand. To accomplish this goal, the NHS is improving equipment and operating in accordance with ISO 9001:2008 quality management standard to ensure both high quality and lower production costs. Along with following the market closely, researching consumption power to develop appropriate plans is the key to strengthen the company’s brand over the years.
To ensure that sugarcane resources meet processing needs, the company continues to prioritize investment in the development of sugarcane in the direction of expanding intensive productivity and quality of sugarcane. Materials are strictly developed by the company, after several years, sugarcane area has increased to about 10,500 hectares, mainly in Khanh Hoa and Dak Lak provinces. Investment capital is estimated at VND210 billion in 2013. In addition, the company also actively supports farmers on capital, interest rates, plant seeds, supplies, fertilizer, guides farmers to apply new techniques to increase crop yields, and ensures sugar price insurance, which has contributed to building farmers’ confidence in the future of sugar cane and the company. After many years working in the NHS, many households have had stable income and become richer. Also life quality has increased.
To increase the efficiency of business this year as planned, the company strives to increase the processing output up 60 thousand tonnes a year. On the other hand, the company will focus on producing RS high quality sugar to add a new choice for consumers, thus further promote NHS brand. Since 2013 is still a difficult year for business in general, in addition to focusing on the development of the main sector, the company continues to develop value-added products such as molasses from sugar cane, mud, ash, sugarcane production. The company also strives to reach 7,000 to 8,000 MW commercial electric power to the national grid, which likely creates internal conditions for the company to develop into a strong unit with high reputation and competitiveness which can participate in the market of the WTO.
Minh Tuan
Vietnamese
