NIVL Joint Stock Company (NIVL)
NIVL Joint Stock Company was the first foreign owned sugar factory to start production in Vietnam, and was started December, 1996. Producing over 150,000 tons of sugar per year or nearly 11% of Vietnam’s production, NIVL group is the largest sugar producing group in Vietnam, with a total group turnover of about $200 Million USD.
Over the years NIVL acquired BISUCO (Binh Dinh Sugar Factory) and Hiep Hoa Sugar Factory to add to its sugar and alcohol producing capacity. NIVL produces high grade refined sugar from 10 to 80 ICUMSA, and its consistently regular customers include renowned dairy, beverage and confectionery companies.
Strategically located on the banks of the Vam Co Dong River, and close to the Ho Chi Minh Market, NIVL was originally a 3,500 TCD plant, which has now expanded capacity up to 6,000 TCD, with an alcohol capacity of 45, 000 liters. In addition NIVL actively exports sugar, alcohol, joss powder and other agricultural commodities that include black pepper, cashew, turmeric, and desiccated coconut powder, all worth over $20 Million USD. NIVL JSC is ISO and GMP (Global Manufacturing Practice) Certified.
Built within a record time of 14 months, NIVL’s plant can process 4,750 tons of sugar per day and can produce 450 tons of refined sugar per day.
It is one of the very few plants in Vietnam that can reprocess raw sugar for others by utilizing its surplus bagasse. Utilizing the bagasse, the company generates its own steam and electricity.
NIVL was the first sugar producer in Vietnam to start the production of alcohol from molasses, a by-product of the sugar manufacturing process. NIVL now produces about 60, 000 kl of industrial grade, beverage grade and super refined grade alcohol per year. The alcohol or the manufactured Ethanol is successfully exported to Australia, Africa and parts of Asia.
NIVL operates its state-of-the-art sugar refinery and alcohol plant with a dedicated workforce of 500 employees, indirectly employing and supporting about 2000 more people.
NIVL also works closely with about 5,000 farmers supporting them with various initiatives that include the introduction of high quality seed, subsidized fertilizer applications, and training on advanced cultivation methods.
NIVL’s cane development efforts in the previously economically backward Ben Luc District have proven to have catalyzed a transformation and development of the province. Supporting the creation of dykes in the province has helped prevent crop flooding, resulting in increased productivity.
NIVL has built a number of houses in the province. And has also funded the construction of a new school building in the Ben Luc District.