On May 15, 2026, Phuc Tan Kieu Single-Member Limited Liability Company—a wholly-owned subsidiary of Phu Tai Joint Stock Company—officially inaugurated a wood pellet production plant at the An Khe Industrial Park in An Binh Ward, Gia Lai Province. This is a significant milestone, providing a substantial boost to Phu Tai’s biomass energy production capacity while further advancing the Group’s long-term development strategy in this sector.

Links in the Wood Industry Value Chain

The new plant clearly reflects Phu Tai’s strategic direction: expanding the wood industry’s value chain through an integrated production model—from wood processing and furniture manufacturing to biomass energy products. This model is designed to optimize resource efficiency by transforming wood by-products from the Group’s existing production activities into high-value fuel products, rather than simply treating them as ordinary production waste.

Designed as a facility for producing high-quality biomass fuel, the plant aims to meet both domestic and export market demands, positioning Phu Tai squarely within the global shift toward renewable, environmentally friendly energy sources.

Project Information

Location: An Khê Industrial Park, An Binh Ward, Gia Lai ProvinceRated capacity: approximately 120,000 metric tons per yearArea: about 3.1 hectaresEstimated annual revenue: about 450 billion dongRaw materials: Sustainably managed plantations in western Gia Lai and neighboring areas

Contributing to Local Economic Development

In addition to its production capacity, the project is expected to create jobs for local workers, contribute to regional economic development, and help promote the overall growth of Vietnam’s wood processing industry.

Executives from Phu Tai Joint Stock Company presided over the ribbon-cutting ceremony, marking the plant’s official launch. The company’s CEO delivered remarks at the ceremony, affirming that this represents a continuation of the Group’s commitment to sustainable manufacturing and the development of renewable energy.

About Phú Tài’s Biomass Energy Division

Together with the Phu Cat plant, Phuc Tan Kieu brings Phu Tai’s total wood pellet production capacity to 210,000 metric tons per year—laying the foundation for the company’s strategy to expand exports to the Japanese and South Korean markets in the coming period. Detailed information on the biomass energy sector is available at woodpellet.asia.