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03 August 2011

TTCL AND ITS PARTNERS RECEIVED NOTIFICATION OF AWARD FOR DIAMMONIUM PHOSPHATE PLANT NO.2 PROJECT

The Consortium of Toyo-Thai, Toyo-Vietnam (TTCL's subsidiary), Mitsui Engineering and Shipbuilding, Chemical Industry Engineering JSC. and Vietnam Industry Construction Co. received a Notification of Award for Engineering, Procurement and Construction Work for Diammonium Phosphate Plant No. 2 Project with capacity 330,000 t/y from DAP2 - VINACHEM JSC, a subsidiary of Vietnam National Chemical Group (VINACHEM). The project price is approx. 200 Million USD and construction is scheduled to be completed in early 2014. The project is to be built at the Tang Loong Industrial Zone, Lao Cai Province, Vietnam.

Diammonium phosphate, a type of fertilizer with a high phosphorous content, is the most commonly used phosphate-based fertilizers.

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