Investing 430 billion VND in sugarcane raw material area of 23,000 hectares

On December 30, KCP Vietnam Industrial Company Limited (KCP) held the opening ceremony of the 2023-2024 pressing season.

Provincial leaders attend the opening ceremony of the 2023-2024 pressing crop at KCP Vietnam Industrial Co., Ltd. Photo: KHANG ANH

Comrades Nguyen Thai Hoc, Deputy Head of the Central Internal Affairs Commission ; Le Thanh Dong, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Council; Le Tan Ho, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee; Nguyen Quoc Hoan, Member of the Provincial Party Standing Committee, Chairman of the Provincial Fatherland Front Committee; former provincial leaders of all periods, leaders of Son Hoa, Song Hinh, Tay Hoa, Dong Xuan districts and sugarcane farmers in the area attended the opening ceremony of the crushing season. In the 2022-2023 crushing season, KCP bought sugarcane at a price of 1.3 million VND/ton of sugarcane at the field for 10 CCS.

Leaders, former leaders of the province and leaders of KCP Vietnam Industrial Company Limited performed the sugarcane cutting ceremony to open the new crushing season 2023-2024. Photo: KHANG ANH

Sugar production, sugar sales and contributions to the State budget in this pressing season are also the highest in KCP's history. According to the plan, in the 2023-2024 pressing season, KCP will continue to have preferential investment policies for farmers such as: non-refundable support policies for new planting, irrigation systems, mechanization and interest rate exemptions... for farmers, estimated at about 60 billion VND.

KCP also invested 430 billion VND in the raw material area with an area of 23,000 hectares; will buy sugarcane at the price of 1.33 million VND/ton of sugarcane in the field. The company plans to crush about 1.3 million tons of sugarcane, produce 130,000 tons of sugar and export about 100 million KW/h to the grid. In addition to investing in 2 effective sugarcane harvesting machines, KCP continues to invest in harvesting sugarcane with combine harvesters in the new crop year.

Comrade Nguyen Thai Hoc, Deputy Head of the Central Internal Affairs Commission (3rd from left) and Mr. KVSR Subbaiah, General Director of KCP presented gifts to farmers. Photo: KHANG ANH

Speaking at the conference, Permanent Vice Chairman of the Provincial People's Committee Le Tan Ho said that in 2023, KCP had many innovations, improved productivity and product quality, continuously developed and made many contributions to the locality. The Permanent Vice Chairman of the Provincial People's Committee requested KCP to continue promoting solutions to stabilize, develop, improve productivity and quality of raw material areas, research and supplement new drought-resistant sugarcane varieties, apply science and technology, digital transformation in agriculture ...

Comrade Le Thanh Dong, Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Council and Mr. KVSR Subbaiah, General Director of KCP presented gifts to farmers. Photo: KHANG ANH

The company is accelerating the investment in an Ethanol factory to utilize by-products, diversify products in a sustainable, efficient, and environmentally friendly manner; focusing on researching and investing in a project to increase the capacity of Dong Xuan sugar factory to 6,000 tons of sugarcane/day, a project to produce post-sugar products... KCP continues to coordinate with localities to maintain and implement more social security policies, especially in mountainous areas.

Comrade Nguyen Quoc Hoan, Member of the Provincial Party Standing Committee, Chairman of the Provincial Fatherland Front Committee and Mr. KVSR Subbaiah, General Director of KCP presented gifts to farmers. Photo: KHANG ANH

On this occasion, KCP Vietnam Industrial Co., Ltd. presented 40 gifts with a total value of 120 million VND to 11 communes, 5 villages and 18 farmers with high average sugarcane imported to the factory, sugarcane production with high average sugar content... in the 2022-2023 pressing season.

Khang Anh

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