Thanks to efficient production planning during holidays, aggressive cost-cutting, and a focus on high-demand, high-margin products, MDF VRG Quang Tri Joint Stock Company achieved an impressive milestone in early 2021. As of April 30, the company’s profit exceeded VND 33.1 billion, reaching 99.5% of its full-year target.
Efficient Production and Cost Optimization Drive Growth
In the second half of 2020, MDF VRG Quang Tri overcame pandemic-related challenges with a series of operational improvements, including:
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Optimizing production lines to reduce costs and eliminate waste,
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Boosting plant capacity to 130% of its design level, and
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Repaying high-interest loans early to cut financial costs.
These strategic moves provided a strong foundation for record-breaking results in early 2021.
According to Mr. Cao Thanh Nam, General Director, the company produced 91,089 m³ of MDF boards (43% of the annual plan and 150% of design capacity), doubling production compared to the same period in 2020. Continuous production without breaks during Tet and national holidays helped maintain momentum, with 83,312 m³ sold (41% of the plan).
March alone set a new company record, with 25,879 m³ sold, exceeding current capacity. The MDF VRG Quang Tri brand has strengthened its reputation for consistent quality and competitive pricing.
“We prioritize selling low-material, high-profit products to maximize efficiency and meet market demand,” Mr. Nam shared.
Leading Profitability Across the VRG System
At an online meeting with units under the Vietnam Rubber Group (VRG) in the Central Coast region, Chairman Tran Ngoc Thuan commended MDF VRG Quang Tri for achieving the highest profit and revenue ratio across the entire group.
“The company’s strong start in 2021 reflects effective management, disciplined cost control, and safe, continuous production during the pandemic,” Mr. Thuan noted.
He urged the company to continue developing flexible production plans aligned with market trends while maintaining strict compliance with national COVID-19 prevention measures.
Commitment to Sustainable Operations
Despite the unpredictable nature of the pandemic, MDF VRG Quang Tri remains committed to achieving its dual goals: ensuring both business continuity and pandemic safety.
The company targets production of 34,157 m³ and pre-tax profit of over VND 2.7 billion in May–June, continuing its strong trajectory for 2021.
Mr. Truong Minh Trung, Deputy General Director of VRG, also encouraged the company to further enhance environmental management and quickly address local government recommendations regarding sustainability.