Binh Định Sugar Joint Stock Company (BISUCO)
Situated in the Binh Dinh Province in Central Vietnam, Binh Định Sugar Joint Stock Company (BISUCO) was established in 1995 and was originally a State owned Company.
The company was changed in to a Joint Stock Company with a Government majority, and in the year 2006 equitization was completed and BISUCO became a fully private Joint Stock Sugar Company with NIVL JSC & Associates taking over as majority shareholders. NIVL eventually increased its equity stake and currently NIVL & its associates hold 97% of the equity in BISUCO. The company is currently undergoing major expansion, and construction is on in full swing.
With NIVL’s technical knowhow and expertise the factory’s capacity expanded from 1,800 TCD to its current 3,500 TCD. Work is currently underway to increase the capacity to 6,000 TCD. Presently, BISUCO crushes about 500, 000 tons/ year of sugarcane, and produces about 50,000 tons of high-quality sugar per year.
Plant Expansion from 3000 to 6000 TCD
BISUCO boasts of over 400 employees and indirectly supports about 2,000 farmers. Experts from Vietnam and India work in synergy to create a sweet symphony we call “sugar”.
BISUCO sources its cane from about 5,000 farmers in the vicinity and ensures support to all these farmers with good cane investment and subsidy policies. And with a host of society-friendly initiatives, like the construction of two hospital for the locals at an investment of $150,000 USD each, BISUCO enjoys a good standing in the society it operates in.