On February 21, 2025, in Ho Chi Minh City, Phu My and Stavian Group officially signed a Cooperation Agreement to promote investment and business expansion in the chemical industry and plastic pellet products.
Attending the signing ceremony from Phu My were Mr. Nguyen Xuan Hoa – Chairman of the Board; Mr. Phan Cong Thanh – General Director.
Representing Stavian Group were Mr. Dinh Duc Thang – Chairman and CEO; Mr. Nguyen Duc Ha – Deputy General Director and Board Member. Also present were members of the Board of Directors, Executive Board, and Directors of subsidiary companies from both organizations.
On behalf of Phu My’s leadership, Mr. Phan Cong Thanh highly appreciated Stavian Group’s capabilities, experience, and cooperation opportunities.
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At the ceremony, Mr. Phan Cong Thanh, representing Phu My’s leadership, praised Stavian Group’s expertise and collaboration potential. He stated that, building on its strong foundation in fertilizers, Phu My aims to accelerate growth in the chemical sector during its new development phase. This strategy leverages the advantages of the Phu My industrial complex and Petrovietnam’s petrochemical supply chain, solidifying its core business areas as reflected in its name. To achieve this, partnering with industry leaders in chemicals is a key priority for Phu My.
“The signing of this cooperation agreement with Stavian Group is the culmination of thorough discussions and mutual understanding,” said Mr. Phan Cong Thanh.
Mr. Dinh Duc Thang remarked: The signing marks a significant milestone in the partnership between the two companies.
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Mr. Dinh Duc Thang emphasized that the agreement signifies a new chapter in their collaboration, strengthening the bond between the two enterprises. It also paves the way for robust and practical joint initiatives, fostering growth opportunities for both parties.
He further expressed his desire to expand public-private partnerships, enabling businesses to collectively pursue shared development goals and contribute to a thriving and sustainable economy.
Phu My and Stavian Group signed the Cooperation Agreement to enhance investment and business activities in chemicals and plastic pellet products.
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Under the agreement, both parties will collaborate in key areas, including: Exploring investment and production opportunities in modern chemical projects for sustainable industry growth; Distributing Adblue, hydrogen peroxide (H2O2), and other Phu My-produced chemicals, leveraging Stavian Group’s global distribution network; Manufacturing and distributing plastic pellet-based products like packaging, agricultural films, and competitively advantaged items.
This strategic move optimizes resources and expertise while creating new growth avenues, particularly in the context of global economic integration. It promotes high-quality chemical and plastic industries, meeting market demands and ensuring environmental sustainability.
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Phu My is Vietnam’s leading fertilizer producer and is now accelerating its chemical sector expansion to capitalize on the Phu My industrial complex and Petrovietnam’s petrochemical network. Stavian Group is a multinational industrial-technology and trade conglomerate with over 30 global branches, exporting to 100+ countries. It ranks among the top 17 global chemical distributors, top 21 Vietnamese private enterprises, and top 10 Golden Star Award recipients in 2024. |
– 14:43 24/02/2025
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