Located on 6,000sq.m in Kon Tum Town's Yachim Commune, the Yachim Rubber Processing Wastewater Treatment facility can treat 1,130 cubic metres of wastewater per day.
The VND11 billion (US$550,000) facility was designed with a two-step process: a primary physio-chemical treatment combined of flocculation, and a complete biological treatment including anoxic and aerotank treatment.
French company sets up bio-gas plant at factory
TAY NINH — France's Rhodia Energy Services yesterday opened its first bio-gas plant in Viet Nam at the Nuoc Trong cassava starch factory in Tay Ninh Province.
The US$1 million plant will produce more than 15,000 cubic metres of biogas every day using wastewater from the cassava plant.
It will use the advanced fermentation method applied in many countries around the world. Biogas is 25 – 30 per cent cheaper than other types of fuel and the plant is also expected to help cut carbon-dioxide emissions by 12,000 tonnes a year.
Private producer to sell electricity to national grid
QUANG NGAI — Thien Tan Investment-Construction JSC, the investor and owner of Ha Nang Hydropower plant in central Quang Ngai Province, signed a contract to sell electric power generated from Ha Nang Plant to Electricity of Viet Nam (EVN).
The contract made Thien Tan JSC the first private enterprise in the central province to sell electricity to EVN.
Under the contract, EVN will buy electricity from Ha Nang Hydropower Plant for VND2,300 per kWh during peak hours. For the remaining hours of the day, electricity will be sold for VND560 per kWh, according to Huynh Kim Lap, director of Thien Tan JSC.
Lap said Quang Ngai-based company had invested VND330 billion (US$16.5 million) in the 11MW hydro-power plant, which was built in Tra Thuy Commune, Tra Bong District.
MSD Viet Nam opens office in HCM City
HCM CITY — MSD Viet Nam Pharmaceutical Co opened a new office in HCM City on Thursday to strengthen its business strategies in Viet Nam.
The company would focus on launching new brands in diabetes treatment, along with cardio-vascular, infectious diseases, asthma, cervical cancer, women's health and vaccines.
MSD Viet Nam Co is a representative office of Merck Sharp&Dohme (Asia) Ltd, which is a global research-driven pharmaceutical company discovering, developing, manufacturing and marketing a broad range of health products and services.
Software firm profit up by 20%
HA NOI — HCM City-listed software producer FPT Company announced its after-tax profit of VND1.7 trillion (US$81 million) in 2010, a year-on-year increase of 20 per cent. The growing profit allowed the company an earning-per-share of VND6,598.
The company saw turnover of VND20.5 trillion ($976.2 million) last year, an increase of 9.5 per cent over 2009. Earnings from software production were VND3.2 trillion ($152.3 million) and VND2.5 trillion ($119 million) from telecommunication.
For 2011, the company has scheduled revenue of VND24.5 trillion ($1.26 billion), growth of 20 per cent and a profit of VND2.4 trillion ($114.3 million).
Cavico affiliate tips public offering
HCM CITY — Cavico Industry and Minerals Co (HNX: CMI) announced a public offering of 16.6 million shares to raise a capital of VND203 billion (US$9.7 million) for its production projects.
The company will offer 11.4 million shares to existing shareholders at a ratio of 1:2. The shares will be sold at VND11,900 each. Another 285,000 shares will be sold to employees at the same price and the remaining 4.9 million shares will go to strategic partners at VND13,000 apiece.
Cavico Co announced that the closing for this registration to buy shares will be on February 10.
Timber producer to issue bonds
GIA LAI — Timber producer Duc Long Gia Lai Corp (VSE: DLG) received the State Securities Commission's approval to issue 2.1 million convertible bonds to existing shareholders. The issue will be implemented at a ratio of 3:0.22.
The two-year bond has a coupon of 13 per cent a year. After two years, the bond will be converted into shares at a 1:10 rate.
The company expects to raise VND213.4 billion (US$10.2 million) from this issuance, which will be allocated to its working capital. Duc Long Gia Lai now has a charter capital of VND291 billion ($13.9 million). — VNS
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