Duc Giang Chemicals Group JSC (stock code DGC – HOSE) has just adjusted the Investment Registration Certificate for Project No. 1 within the Duc Giang Nghi Son Chemical Complex in central Thanh Hoa province, increasing the total investment capital from VND2.4 trillion ($91 million) to VND2.9 trillion (nearly $110 million).

According to the adjustment, the additional capital is primarily allocated to Phase 2 of the project. The designed capacity for this phase will reach 75,500 tons of chemicals per year, including: 20,000 tons/year of Potassium Sulfate (K2SO4), 15,000 tons/year of H2O2, 500 tons/year of basic pure chemicals, and batteries with a capacity of 2 million kWh/year (equivalent to 40,000 tons/year). The company stated that market demand for these products is very high, while production technology can be utilized from products or by-products of Phase 1, making the investment expansion necessary.

Additionally, the project's location has been updated according to the new administrative boundaries. Specifically, the project is situated in Dong Vang Industrial Park, Industrial Subdivision No. 15 of Nghi Son Economic Zone, in Truong Lam Commune.

Regarding progress, Phase 1 is expected to be completed and operational from Q2/2026; Phase 2 procedures will commence from Q3/2025, construction will begin in 2026, and it will become operational from Q4/2027.

The Duc Giang Nghi Son Chemical Complex covers an area of approximately 30 ha, with a designed capacity of 136,000 tons of chemicals per year.