Third Quarter Meeting bong da so The Department bong da so Granite & Ceramic Tiles, Sanitary Wares, and Trade: First 9 months bong da so 2016, all units reach and meet over targets bong da so profits and revenues

In the morning bong da so 04 October 2016, Viglacera Corporation JSC organized a meeting with the Department bong da so Granite & Ceramic Tiles, Sanitary Wares, Showers and Faucets and Trade. Business results are positive, with 9 out bong da so 11 units has reached and met over the targets bong da so profits and revenues. Especially Viglacera Showers and Faucets Company has successfully reached the profit target bong da so 2016.

The business result bong da so 9 months bong da so the whole Department is 24,397 billion VND bong da so profit, accounting for 103.5% the monthly plan target, 3rd quarter profit bong da so 68,071 billion VND, standing at 100.6% the quarterly plan target. Accumulated profit bong da so 9 months is 155.1 billion VND, reaching 85% annual plan, increasing 38.7 billion VND compared to the same previous period. The revenue bong da so the 9 months reached 578.5 billion VND, accounting for 107% month plan, 3rd quarter revenue was 1,612,352 billion VND, achieving 100% bong da so the quarterly plan target. Accumulated revenue bong da so 9 months reached 4,218 billion VND, increasing 16% on year-to-year basis.

Under a strong and specific leadership bong da so the Corporation, operation outcomes bong da so units within the Department have been aligned with monthly and quarterly targets. Production met the need bong da so orders by trade units; product portfolio and designs have been adjusted and diversified, in line with market demands. The quality bong da so material inputs has been gradually controlled; labor inefficiency has been reduced due to further investment in units in follow up with set plans. Product quality has been maintained; particularly tile products have had positive improvements. Their quality is stable and met the basic standard TCCS; First burning defect ratios bong da so Viglacera Thanh Tri JSC and Viglacera Viet Tri JSC after changing to usage bong da so compressed natural gas (CNG) all meet the targeted ratios committed; natural gas consumption is reduced by 10-15% compared to using liquefied natural gas (LPG). Purchase and checking bong da so input materials have been implemented as planned; quality control have been well implemented with sampling, independent assessment by R&D Institute bong da so Viglacera, timely finding defects with assessments and recommendations.

In the 3rd quarter bong da so 2016, market and product development has been in focus, advertising boards and shelves have been redesigned and consolidated to give customers new images bong da so products and quality bong da so Viglacera. Customer meetings have been held in individual markets to expand markets and exports.

As regards investment, My Xuan A Premium Ceramic Plant Project has completed the process bong da so establishment and operation regulations bong da so project management unit; recruitment, strengthening bong da so human resources to ensure sufficient capacity to implement the project; focusing on completing investment procedures and project design profile; construction license procedures, fire safety and prevention for the project; continuing to work with banks on evaluation bong da so project loan documents; implementing the building bong da so boundary walls and plant gates; The project bong da so changing to CNG at Tien Son plant: completed and operated two kilns since 18 August 2016. The project bong da so intensive investment in packaging system bong da so package and brake pads joint stock company has carried out procurements bong da so facilities and assembling; basically the progress is on track and expected to have project completed and operated by December 2016.

Delivering speech at the meeting, DG Nguyen Anh Tuan expressed the importance bong da so new product development and requested the Department to make a detailed plan including specific progress milestones and soon select a good and reliable technology partner for cooperation in the long term. The DG also requested the Department to soon establish a processing plant, negotiate to have a stable source bong da so input materials with good quality, increasing lead-time, ensuring input materials with standard quality to produce premium products, confirming prestige and brand name bong da so Viglacera not only in the country but also in the region and the world. In addition, the Department needs to enhance recruitment and training to have good technicians, making high quality human resources available for projects soon implemented.

A general assessment bong da so the Department bong da so Granite & Ceramic Tiles, Sanitary Wares and Trade was that it has maintained a good momentum during the past 9 months. However, all units need to pay great attention to implementing the plan for the last 3 months bong da so the year. It is required that all units resolve to undertake specific and effective solutions and proposals to gain overall achievements and meet over the targeted goals.

Some speeches made at bong da so meeting: