Vietnamese-VNEnglish (United Kingdom)
SQC Plant is Back to Production
Tuesday, 15 February 2011 02:51

Morning of February 14, 2011 - SQC's No. 1 furnace was back to full production after a period of working under capacity. It was considered a positive news for SQC and Vietnam's titanium deep-processing sector.


In 2010, SQC and other companies operating in the mining and titanium deep-processing sectors experienced great difficulty, some had to halt production or to produce only in moderation since final products could not be exported due to high tax rate(15%). At a press conference on May 10, 2010, Ms. Nguyen Tran Trieu Thanh, SQC's Director, commented: "The 15% tax rate is too high, if the tax rate was at a reasonable level, SQC would excel with its potential not only in titanium production but also in consultancy, it could act as EPC contractor to design, construct and supply equipments, or to provide complete titanium processing plant solution package for its potential clients."

The Department of taxation has conducted an opinion survey and the new 10% tax rate was applied. SQC's reserved titanium products were exported shortly after. In the third quarter of 2010, SQC reached 38.82 billion in revenue, an increase of 226.22% compared to the same period last year. Notably,SQC's export reached 11.94 billion, accounting for 30.76% of its net revenue.

In a formal document "to explain the causes of business fluctuations" (along with its last 2010 quarter report), SQC stated the 10% tax rate was still high. The Ministry of Natural Resources and Environment, Ministry of Industry and Trade, Association of titanium are proposed the 3% new tax rate. If the 3% tax rate was passed, enterprises will have confidence to invest in the exploitation and deep processing of titanium ore.

After restarting furnace No.1, on February 26, 2010 SQC will continue to restart the furnace No.2 with expectation to become leader in the industry.SQC aims to creating jobs for hundreds of workers, contributing to local economic development, particularly as to contribute to preventing the economic loss of national resources since there are companies which still export crude titanium.

SQC is a member of Saigon Invest Group (SGI), and member of the International Titanium Association (ITA). SQC was founded in 2006, operated in mining, ore processing titanium, technology transfer, investment, construction and infrastructure, factories for lease.

July 2009, SQC was put into operation with a total investment of 1,000 billion, of which Phase 1 was 500 billion (total area of 10 ha). Currently, SQC's main products are crude ore with 30% - 40% TiO2, Zircon, Rutile, , titanium slags (52%, 93% TiO2). On December 2009, SQC was officially traded on the Hanoi Securities Exchange (HNX).

Le Sen

Trao tặng trường mần non cho xã Mỹ Thành
3 lò luyện xỉ SQC đồng loạt hoạt động
SQC chính thức vận hành lò luyện xỉ thứ 3
SQC lọt vào Top 1.000 Doanh nghiệp đóng thuế thu nhật cao nhất cả nước
Xuất khẩu tinh quặng Ilmenite
EADS looking for cooperation opportunity with SQC
SQC tài trợ mổ tim cho bé Vinh
SQC and the Flood Recovery Effort
Thông báo tuyển dụng vị trí giám đốc kinh doanh
SGI Joined Hands in the Flood Recovery Effort of Quang Binh
SQC Organized Press Conference Relating to The Company Trading Activities
SQC working on issues related to the company stocks
Top 1000 Enterprises with Highest Income Taxes in 2010
Báo cáo tài chính 06 tháng đầu năm 2010
Đại hội Cổ Đông thường niên 2010
Chuyển nhượng toàn bộ vốn góp tại công ty CP Bóng Đá SQC Bình Định
Blooming Flower on the Sand
SQC welcomed The U.S., France, Australia and Canada consulate’s delegation
SQC – HNX’s Momentum
Stocks of SGI’s Member Companies Soaring High
SQC Shares Continue to Peak on HNX
Deputy Prime Minister Hoang Trung Hai to visit SQC Titanium slag plant
SQC to achieve VND 25.76 billion post-tax profit in 2009
SQC – A doping dose for HNX
SQC to continue its up-straight line
SQC – Binh Dinh to become the Champion
Stock codes of Saigon Invest Group to continue their strong rise
SQC to inaugurate the first trading session on HNX
Numerous attractive investment opportunities with KBC and SQC
Minister Pham Khoi Nguyen to visit SQC Titanium slag manufacture
Introducing SQC-Binh Dinh Football Team
SQC to list 100 million shares at HNX
Mr. Dang Thanh Tam and the Dream of GLOBALIZATION
Titanium slag Factory to receive Mr. Truong Tan Sang
Photo Documentary - Grand Opening of the most modern Titan slag Plant in Vietnam
Inaugurating the most modern Titan slag plant in Vietnam
Updated: 21-October-2011