DMC-Middle Petroleum Chemicals Joint Stock Company (DMC Middle) - a supplier of chemicals and technical solutions for the oil and gas industry, has overcome numerous difficulties and challenges to take robust steps forwards to strengthen its foothold in the central and central highland markets.
Like other companies in the country, the company faced a lot of difficulties in 2012 arising from global economic downturn. However, with the determination and effort of the entire staff, DMC Middle managed to get through the tough time and achieved its objectives and tasks set for the year.
DMC Middle Director Le Van Cuong said: Although the domestic economic slowdown caused considerable effect on the company’s business situations, DMC Middle - with the constant effort of 52 staffs - achieved remarkable results in revenue growth as well as performance in the past years. The company raked in revenue of VND89 billion in 2010, or 110 per cent of the full-year plan, and fulfilled its profit plan. In 2012, the revenue rose to VND309 billion, equal to 110 per cent of the yearly plan and up 347 per cent over 2010 and the profit also met the plan. In the first six months of 2013, the company's revenue reached VND180 billion, or 112 per cent of the six-month plan.
Wishing to assert its leadership in chemical production and supply and technical service provision in the central region, DMC Middle has constantly invested to develop production, trade and service activities. In the field of production, the company is manufacturing sulphur products and is scaling up annual production output to 4,000 tonnes to meet the demand in the central region. In the field of chemical trade, DMC Middle has focused on developing human resources of high professional qualification and expertise. The company has secured a stable chemical market. Chemical revenue rose from VND81 billion in 2010 to VND300 billion in 2012, accounting for 97 per cent of the firm’s revenue. As regards cleaning services, in 2012, the company was assigned to invest in a modern cleansing equipment system and technology imported from the US at the cost of VND110 billion. Currently, the system is being test-run and operators are being trained to receive technology. After the system is handed over, the company will has many opportunities to provide new services like oil tank and pipe cleansing. Previously, these services were supplied by foreign companies from Malaysia, Singapore and other nations.
Director Cuong said at a meeting that reviewed business operations in 2012 and previewed plans in 2013 that DMC Middle would boldly introduce innovative solutions to achieve all plans set for 2013 to bring revenue to VND315 billion, pay VND1.59 billion of taxes to the State Budget, and ensure a average monthly income of an employee of VND7.94 million. In the future, the company will strive to become a leading manufacturer and supplier of chemicals and engineering services in the central and central highland region.
Nguyen Luan
Vietnamese
