Yen Bai Cement and Minerals Joint Stock Company has its precursor as Yen Bai cement factory with its headquarter in Yen Bai town, Yen Bai district, Yen Bai province, which is 13 km far distance in the South, 160 km far from Hanoi in the North and 270 km far from Hai Phong.
Location of cement production factory and CaCO3 product processing factory shares its border to Thac Ba lake with Mong Son limestone mountain which is assessed good quality in Vietnam and South East Asia. Its clay has redundant reserves and good quality, which is key material for cement production and CaCO3 processing with high quality.
Being established at beginning of 80s, Yen Bai cement factory has had its primary design capacity of 60.000 tons/ year with China’s modern blast furnace technological equipment at that time. During formation and development, the company always focuses on providing property and raising its production capacity
Together with general development orientation of enterprises across the country, the company has strategies to expand production, trade, diversify types of products and mobilize available potential and advantages. Till beginning of 2000, YBC has carried out the construction and investment project of CaCO3 processing factory according to Europe’s high technology with equipment manufactured by Federal Republic of Germany and Spain Kingdom. Through development and investment periods, CaCO3 processing factory with its capacity of 200.000 tons/ year is a biggest one in Vietnam with 04 assemblies grinding super-smooth CaCO3 flour, 04 assemblies grinding smooth CaCO3 flour, 01 assembly coating products with lipid acid, 01 assembly grinding grain products to create products for replacing import goods, to be additives for sectors of papers, paint, plastic, rubber, chemic-cosmetics, aquaculture and materials for decoration in construction.
On December 17, 2003, People's committee of Yen Bao province had Decision no. 376/QĐ-UB on approving equitization project and transferring Yen Bai cement factory state enterprise to Yen Bai cement joint stock company.
On January 01st, 2004, Yen Bai cement joint stock company has been granted business registration certificate and officially operated according to a model of joint stock company.
Growth rate of the company through years
|
Criterion
|
Unit
|
Year 2002
|
Year 2004
|
Year 2005
|
Year2006
|
|
1-Turnover
|
Triệu đồng
|
102.114
|
119.636
|
134.476
|
149.500
|
|
2 -Profit
|
Triệu đồng
|
2.335
|
3.708
|
4.022
|
4.960
|
|
3-Average income per capita
|
1.000Đ/ Ng/ Th
|
1.215
|
1.442
|
1.624
|
1.700
|
In 2003, the company contributed 3.7% of charter capital equivalent to 4.3 billion dong to Yen Binh cement joint stock company, Yen Binh, Yen Binh town, Yen Binh district, Yen Bai province.
To meet increasing demand for cement use according to general growth of the country, in May 2005, Prime Minister had decided to approve Vietnam's cement industrial development plan up to 2010 and given orientation to 2020; allowed Yen Bai cement joint stock company to transfer cement production technology from blast furnace to rotation furnace with its capacity of 350.000 tons/year. Project of rotation furnace cement factory with its capacity of 300.000 tons/year is officially operated in first quarter of 2008. Since the establishment, the company always completes targets of business production and been rewarded many medals by State and industries as follows: labor medal, competition flag, certificate of merit and so on CaCO3 flour products of the company has won golden cup “For Vietnam’s green career" in 2001, golden medal at exhibition fair "high quality Vietnamese goods - Hanoi in 2002", golden cup in Madrid (Spain) for most excellent goods and services – special prize on “global quality management”.
On December 17, 2007, the company officially changed its name to YenBai Cement and Minerals Joint Stock Company.