Binh Thuan is estimated to have titanium reserves of 600 million tonnes, accounting for 92 percent of the ore in Vietnam. Many companies have invested to develop ore mining plants in the province, including Binh Thuan Mineral Industry Joint Stock Company (KSA).
With a professional, experienced and effective administration apparatus plus advanced mining and production technologies and the ability to draw capital for big projects, KSA is trying to increase the value of processed titanium in Vietnam. Proven by its impressive operating results, the company has won the absolute trust of the Provincial People’s Committee and provincial departments of Binh Thuan province. Hence, it has found it not difficult to seek permits for building ore deep-processing plants in the first titanium industry complex in the country.
So far, ilmenite – the material to produce titanium – has been tapped in the raw form, mainly for export, with a very low value. To increase the value of titanium, Binh Thuan province has planned to build two titanium processing zones, namely Song Binh Industrial Park (250 ha) in Bac Binh district and Thang Hai Industrial Complex (90 ha) in Ham Tan district. Thang Hai Industrial Complex is developed by Bao Thu Industrial Development and Investment Join Stock Company (Bidico).
Thang Hai Industrial Complex, constructed in 2010, was expected to house titanium deep-processing companies, including KSA. After four years, the first phase of the industrial complex (40 ha) has been completed with perfect infrastructure. In the 2014-2018 period, KSA plans to build three titanium slag downstream processing plants, each of which has an annual processing capacity of 60,000 tonnes. To implement this plan, in the first quarter of 2014, KSA started building infrastructure for its titanium downstream processing plant with the first-phase annual capacity of 30,000 tonnes, covering 10 ha, in Thang Hai Industrial Complex. To supply inputs for the facility, KSA plans to buy into local ore companies with extraction permits. All processed titanium slag will be exported to Japan and South Korea where the demands for huge titanium slag are very high.
| In 2013, the company made revenue of VND28.1 billion (US$1.3 million), pre-tax profit of VND24.8 billion (US$1.1 million) and net profit of VND18.5 billion (US$860,000). 2014 is considered a banner year for KSA to focus on building core competences and to set foot in the titanium deep-processing industry.This year, KSA targets at revenue of VND97 billion (US$4.6 million), nearly quadrupling the amount in 2013; pre-tax profit of VND27.5 billion (US$1.3 million), and net profit of VND21.5 billion (US$1 million). Also in 2014, the company plans to issue 3,397,363 bonus shares to existing shareholders, valued at nearly VND40 billion (US$1.86 million). |
To effectively implement the project, apart from financial partners, KSA has also actively sought partners that can support companies with technologies, plant operations and product sales. KSA CEO Pham Ngoc An said, “KSA plans to create a complete value chain, from raw materials to deep-processed products, especially deep-processed products like pigment and nano titanium which require advanced technologies. Therefore, KSA has encouraged and urged all partners possessing modern titanium technologies to forge titanium investment cooperation and support the company to carry out planned development strategies and contribute to the overall development of Vietnamese mineral industry.”
Besides, to tap local titanium resources and enhance titanium processing value chain, he recommended the Binh Thuan Provincial People’s Committee give priority to large-scaled titanium exploitation and processing projects which use modern deep-processing technologies to minimise environmental pollution and prevent resource wastage. In addition, the province needs to support enterprises to do effective business, create more jobs for local people, and contribute to the cause of local industrialisation and modernisation.
Truong Thanh
Đăng ký: VietNam News