Techno – Agricultural Supplying Joint Stock Company (TSC) has overcome the difficulties of the Covid-19 epidemic in 2021 with encouraging business results. The enterprise is also entering a new phase with high growth expectations.
Resiliently overcoming difficulties
The information shared with shareholders at the 2022 Annual General Meeting of Shareholders that has just taken place shows the resilience of the enterprise in overcoming difficulties during the period when the whole economy has had to deal with the Covid-19 epidemic recently.
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Members of the Board of Management and Board of Supervisors elected at the General Meeting of Shareholders in 2022 |
The Covid-19 pandemic, which took place on a large scale with a prolonged time in many countries around the world, has brought the global economy to a standstill, economic trade activities and supply chains have been disrupted. However, TSC still achieved positive results. Net revenue in 2021 reached VND 517.5 billion, an increase of 12%, profit before tax reached over VND 137 billion, an increase of 548% compared to the same period.
In 2021, TSC will continue to restructure the current industry in the direction of reducing the proportion of inefficient business activities, promoting the company’s strong activities and initially achieving successes.
In the field of fast-moving consumer goods (FMCG), with the strategy to create green and environmentally friendly products, TSC has made significant changes.
TSC owns 2 companies operating in the FMCG segment, namely F.I.T Cosmetics Joint Stock Company (FCO) and Today Cosmetics Joint Stock Company (TCC). Environmentally friendly biological products are increasingly appreciated by consumers such as: Dr.Clean antibacterial hand sanitizer; washing liquid, Tero dishwashing liquid; Dr. Kool toothpaste…
Regarding the beverage segment, Khanh Hoa Mineral Water Joint Stock Company (Vikoda) owns a source of water with a pH of up to 9.0 (extremely rare in the world) and is considered a “diamond mine” that nature has bestowed on Vikoda. In 2021, despite the prolonged outbreak of the Covid-19 epidemic, which had a heavy impact on production and business activities, the company still achieved a net revenue of nearly VND 248 billion; profit before tax reached nearly VND 17 billion. In 2021, the company has also repositioned the Vikoda brand with a personal, youthful, dynamic and modern appearance.
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Ms. Nguyen Thi Hoai, Mr. Nguyen Trong Thanh, Ms. Nguyen Thi Nga were elected to the Board of Management at the General Meeting of Shareholders in 2022 |
The segment of food processing for export: Westfood Processing Export Joint Stock Company (Westfood): In 2021, despite being heavily affected by the Covid-19 epidemic, Westfood still achieved revenue of nearly VND 300 billion, profit before tax reached nearly VND 23 billion.
Currently, Westfood owns one of the most modern factories in Vietnam with 4 IQF lines, 2 pasteurization canning lines, fluidized bed machine system, packaging machine and automatic plastic cup packing line system according to European standard production technology and exports a variety of agricultural products to fastidious markets such as the US, Japan, Korea Countries and European countries…
One of the products that make Westfood’s name is KING MD2 pineapple, a succulent pineapple variety with a bright yellow color, fragrant, delicious, and sweet that Westfood is completely monopolizing and mastering the technology of varieties. KING MD2 pineapple is an outstanding pineapple variety in both product quality and commercial value, fully meeting the standards of fastidious markets such as Japan, Europe, and America. Currently, Westfood has the KING MD2 pineapple material area in the Mekong Delta up to 120 hectares, of which, Phung Hiep district (Hau Giang) has the largest area of 90 hectares.
Building momentum
With the vision and goal of becoming a well-developed enterprise in the field of export agriculture, TSC wishes to provide a comprehensive solution to develop Vietnam’s agricultural industry in the direction of high technology and sustainability.
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Westfood Hau Giang factory with a total investment of VND 500 billion will be started in 2022 |
In the coming years, through its subsidiaries, TSC aims to promote research and product development to improve product quality, invest in equipment and apply modern technologies towards the development of high-value and sustainable organic agriculture. In the short term, TSC is also developing material areas for KING MD2 pineapple products.
2022 is identified by TSC as the year to continue completing the restructuring process at its member companies, creating momentum to enter a high growth phase with a revenue target of nearly VND 1,283 billion, an increase of 145%; profit after tax reached 145,921 billion dong, an increase of 10.5% compared to 2021.
In 2022, TSC will continue to maintain current production activities to ensure service quality and brand value; continue the goal of restructuring the current industry in the direction of reducing the proportion of business activities that are no longer strengths and continue to promote effective activities for the company….
Especially in 2022, Westfood will start construction of Westfood Hau Giang factory with the total initial investment cost estimated at VND 500 billion in Song Hau Industrial Park, Dong Phu Commune, Chau Thanh District, Hau Giang Province.
By design, Westfood Hau Giang Factory has 4 IQF lines and 4 canning lines, 1 coconut jelly line, 1 freeze-drying line and 1 juice line. All factory products meet European standards. The Westfood Hau Giang factory has a capacity of 5 times higher than the Westfood Can Tho factory and has a high degree of automation in all stages of operations, from production, data entry to logistics. The project is expected to complete construction in 18 months.
It is expected that one of TSC’s other key plans in 2022 will be to coordinate with Vietnam Dabaco Group Joint Stock Company (DABACO) to develop pig breeding with the goal of 1 million pigs in the provinces from Da Nang to the south. The project has a total investment of more than 3,000 billion VND. In which, TSC contributes 55% and is responsible for finding the location, building the barns and livestock equipment; DABACO contributes 45%, is responsible for providing seeds, feed, veterinary medicine, technology.
Information about Techno – Agricultural Supplying Joint Stock Company (TSC)
TSC was established in 1976, with the mission of providing comprehensive solutions to develop the agricultural industry in the direction of high technology and sustainability.
TSC currently owns businesses with high growth potential such as: Khanh Hoa Mineral Water Joint Stock Company (Vikoda); Westfood Processing Export Joint Stock Company (Westfood).
In which, Vikoda is likened to TSC’s “diamond mine” in terms of the rarity of mineral water with pH 9.0; Westfood always focuses on investing in modern machinery, equipment, infrastructure, R&D activities, diversifying products, expanding raw material areas to improve product quality to meet the needs of major partners in the world from Korea, Japan, Europe, America…
