HAI Agrochem earns US$77 million revenue in 2017

HÀ NỘI – HAI Agrochem Joint Stock Company earned an estimated integrated revenue of VNĐ1.75 trillion (US$77 million) in 2017, surpassing its target. This is an encouraging result, given the plant protection market was faced with challenges last year, such as accessing loans, fierce competition and newly promulgated policies on fertiliser trading. To overcome the difficulties, HAI completed its management and distribution channels and closely supervised its members to ensure business criteria. It also restructured and diversified its business lines. HAI established a board for technologies and seedlings to develop friendly environmental products. It is a supplier of home garden services for FLC Group’s resort complexes nationwide. HAI has become an important strategic partner of many companies in the United States, Japan, Hungary and Hong Kong. It was authorised by the US Dow AgroSciences last year to exclusively produce its brand in Việt Nam. The company’s expansion in 2018 is expected to facilitate the development of hi-tech agriculture projects in Việt Nam and Cambodia as well as in new markets such as Laos and Myanmar. HAI’s Institute for Product Research and Development, with laboratories granted ISO/IEC 17025:2005 by the Ministry of Science and Technology, reported new achievements in experiment and quality-assessment services while producing and distributing household chemicals and industrial cleaning products. HAI plans to continue investing in the second phase of its plant in Long An to enhance its capacity and bring a fertiliser plant in Tiền Giang into operation this year. HAI has been recognised as producing high-quality… [Read full story]

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