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Hanoi June 7, 2015- Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo – ticker DPM, the producer and trader of Phu My Fertilizers) together with the contractor consortium of Technip Group, ThyssenKrupp Industrial Solutions and Petrovietnam Technical Services Corporation (PTSC) sign the EPC Contract (Engineering, Procurement, Construction and Commissioning) for Phu My NH3 (revamping) – NPK Complex.

Phu My NH3 (revamping) - NPK Complex covers an area of over 15 hectares, on the land of Phu My Fertilizer Plant at Phu My 1 Industrial Zone, Ba Ria - Vung Tau Province. The total invested capital of this complex project is nearly VND 5,000 billion (equivalent to USD 237 million), with 70% financed by bank loan and 30% by the Owner’s equity, consisting of two parts: NH3 Workshop (revamping) and Phu My NPK Plant.

The NH3 Workshop (revamping) will increase the current NH3  output at Phu My Fertilizer Plant by 90,000 tons/year (from the current 450,000 tons/year to 540,000 tons/year), using the technology from  Haldor Topsoe A/S (Denmark).