The message was noted at the 2024 Annual General Meeting of Shareholders of Masan High-Tech Materials with the theme “Fit for Future” (Change to adapt), which took place on April 23 in Thai Nguyen.
In 2023, Masan High-Tech Materials recorded revenue of 14,093 billion VND. This is the second highest revenue in the Company’s operating history. Earnings before income tax, interest, and depreciation EBITDA reached 1,550 billion VND.
Sales of copper concentrate in stock have improved in the domestic market, with copper sales revenue in 2023 reaching 1,044 billion VND, equivalent to 42,387 dry tons. The Company has also signed contracts with domestic partners with expected copper sales output in 2024 of 45,000 dry tons.
Mining and processing plant at Nui Phao polymetallic mine
The Company continues to maintain its position as the Vietnamese enterprise with the largest tax contribution to Thai Nguyen province, with a total amount paid to the state budget of 1,414 billion VND.
In 2023, the Company continued to promote community activities and local economic development programs. The Company has fulfilled its social responsibility through community projects with a total investment of approximately 6.8 billion VND. Nearly 4,500 households have benefited from these programs, including over 600 ethnic minority households and 270 vulnerable households.
To ensure sustainable development and flexible response to the constant fluctuations of the market in a volatile year of 2023, the Company has implemented a series of strategic programs and measures, especially the “Fit for Future” program.
In 2023, Masan High-Tech Materials continuously improved production processes, reduced CO2 emissions, and optimized the use of energy and materials, while committing to developing superior products that ensure competitiveness, performance, and environmental friendliness. The Company classifies and converts waste into value-added products with a recycling rate of over 30% of the total waste generated.
Continuing the achievements, Masan High-Tech Materials continues to invest heavily in research and improvement of production processes, with nearly 100 patents worldwide, and 50 other patents in the application stage. In 2023, the Company launched 2 globally registered trademark products ‘Starck2charge®’ and ‘Starck2print®’, enriching the Company’s portfolio of high-tech products, meeting the needs of advanced technology companies and global industries.
Deep-processed Tungsten production in Thai Nguyen, Vietnam
Masan High-Tech Materials is also recognized as a pioneer in implementing carbon neutralization initiatives, promoting the circular economy. The Company conducted a greenhouse gas inventory and calculated greenhouse gas emissions, implemented an energy-saving program throughout the company with 9 projects exceeding targets, and electricity savings of up to 1,191 MWh/year. Through environmental restoration programs, the Company has planted 2,000 trees in areas of earth and rock dumps to absorb CO2, 63.9 hectares of land for afforestation, and restoration. The resource management system is integrated with artificial intelligence (AI), allowing for faster response to changes in operating conditions, optimization of processes, and energy savings.
“Masan High-Tech Materials places special emphasis on innovation, sustainable practices, and flexible response to market changes. This strategy is clearly reflected in the “Fit for Future” program that we have applied to all member companies globally, bringing positive results not only in the present but certainly continuing to be developed in the next stages of the Company’s development”, shared General Director Craig Richard Bradshaw.
Masan High-Tech Materials’ General Director presents 2023 business results and 2024 orientations at the General Meeting
In 2023, the Board of Directors of Masan High-Tech Materials continues to maintain a firm governance policy, practice sustainable practices, focusing on optimizing resources to overcome all difficulties and challenges. These efforts have been recognized by a series of prestigious awards and certifications such as: “Great Place to Work”; Vietnamese enterprises with the highest contribution to the budget of Thai Nguyen province; “Top 10 Creative and Effective Business Enterprises”; “Top 100 Sustainable Businesses in Vietnam”… This is truly a great recognition for the dedication and relentless efforts of Masan High-Tech Materials on the journey to fulfill its vision and mission, while affirming the position of a leading sustainable mining and high-tech material production enterprise in the domestic and international markets.
