Quảng Ngãi Sugar to build new sugar plant

Quảng Ngãi Sugar to build new sugar plant

Quảng Ngãi Sugar JSC plans to invest VNĐ 九 一 六 billion (US$ 四0. 七 million), equal to  六 四 per cent ownership, in a new sugar refinery project.— Photo hsc.com.vn

HÀ NỘI — Quảng Ngãi Sugar JSC plans to invest VNĐ 九 一 六 billion (US$ 四0. 七 million), equal to  六 四 per cent ownership, in a new sugar refinery project.

The project has total capital of VNĐ 一. 四 四 trillion and will be constructed on an area of  五,000m 二, according to the firm’s resolution.

The new sugar refinery is expected to notch a capacity of  一,000 tonnes of sugar a day and operate for  五0 years.

The preparation and construction of the new factory began in April,  二0 一 八, and will last until May,  二0 一 九. In six months, Quảng Ngãi Sugar will complete the production line and test the system.

The company also plans to make the first advance dividend payout at a  五 per cent rate in cash. It will finalise the list of beneficial shareholders on July  三0 and dividend payments will be made on August  一0. — VNS