Phu Tai Bio-Energy Corporation (Vietnam)

Established in 2011, the subject is active in manufacturing wood pellets that can be used for thermal power plants, heating, or replacing gas. Most of the products are exported to Japan (mainly), South Korea, EU. The materials for production are purchased from domestic markets.In 2022, thermal power plants in Japan accelerated the purchase of wood pellets for input materials. Currently, Japan is building many thermal power plants, which will officially come into operation in 2025. Therefore, the demand for wood pellets in the Japanese market will still increase very high. However, according to the Chairman of the subject, the price of wood for plantation materials has increased while factories processing wood pellets for export to Japan were stuck with long-term contracts at old prices. Maybe, this was the reason that led to the subject's losses in spite of consecutive increases in sales in recent years.