Petro Vietnam Ca Mau Fertilizer JSC has acquired a 100% stake in Korea-Vietnam Fertiliser (KVF) for an estimated purchase price of $25 million. The acquisition is primarily intended to penetrate the NPK market in southeast Vietnam, the Central Highlands, and Central Vietnam. KVF’s NPK plant assets will also be used as a storage facility for raw materials.
Ca Mau has made a series of recent acquisitions, including acquiring Han Viet Fertilizers in April 2023, which has a total capacity of 360,000 mt/y of NPK. In addition to the new assets, Petro Vietnam has an existing 787,000 mt/y of urea capacity at Ca Mau and 200,000 mt/y of NPK capacity at Phu My.