Company news

On March 16, 2026, in Ho Chi Minh City, Southern Rubber Industry Joint Stock Company (Casumina) held its 2026 Employees’ Representative Conference. The conference provided an opportunity for the company to comprehensively review its 2025 production and business performance, promote grassroots democracy, listen to employees’ opinions and agree on solutions for implementing tasks in 2026.

Attending the conference were Phung Quang Hiep, Secretary of the Party Committee and Chairman of the Members’ Council of Vietnam National Chemical Group (Vinachem); Le Ngoc Quang, Member of the Standing Committee of the Party Committee and Deputy General Director of the Group; Nguyen Huy Thong, Member of the Standing Committee of the Party Committee and Chairman of the Vietnam Chemical Industry Trade Union, along with 148 delegates representing nearly 1,750 managers, staff members and workers of the Company.

At the conference, delegates listened to reports on the implementation of production and business tasks in 2025 and the orientation and tasks for 2026. According to the report, Casumina’s operations in 2025 faced many difficulties due to fluctuations in the tire and tube market, increasingly intense competition and the impact of the global economic environment. However, thanks to the efforts of the leadership and workforce, the Company maintained stable production and business operations.

In 2025, Casumina recorded an industrial production value of VND 4,512 billion, total revenue of VND 4,565 billion and profit of VND 61.3 billion. The Company maintained a workforce of approximately 1,750 employees, with an average monthly income of VND 15.7 million per person, contributing to job security and stable livelihoods for workers.

Alongside production and business tasks, the Company has always paid special attention to employees’ welfare. Casumina fully implemented policies in accordance with the law and the collective labor agreement, ensuring employees’ rights related to salaries, bonuses and social, health and unemployment insurance.

Occupational safety and hygiene were also prioritized, with continuous improvements in the working environment. Employees were provided with adequate protective equipment and participated in safety training programs in accordance with regulations. The Company also organizes annual health check-ups, helping detect and care for workers’ health in an industrial production environment.

In addition, many welfare and cultural activities were jointly organized by the Company and the Trade Union, including vacations, sightseeing tours, cultural and sports programs, support for employees facing difficult circumstances and activities for employees’ children during holidays and Tet. These practical initiatives not only improved employees’ material and spiritual well-being but also strengthened the bond between employees and the enterprise.

The emulation movement in labor and production, along with initiatives for technical improvements, continued to be widely implemented across the Company. In 2025, Casumina launched 93 short-term emulation campaigns, collected more than 1,480 creative ideas and officially recognized 44 technical innovation initiatives, contributing to improved labor productivity, cost savings and enhanced production efficiency.

At the conference, the Company also set its 2026 targets, aiming to continue recovering and expanding production and business activities. Specifically, Casumina targets an industrial production value of VND 4,962 billion, total revenue of approximately VND 5,140 billion and profit of VND 120 billion.

The conference also reviewed the implementation of the collective labor agreement, the activities of the People’s Inspection Board and publicly disclosed funds related to employees. All contents were carried out transparently, ensuring employees’ rights and their participation in supervising enterprise operations. The Company’s General Director directly addressed delegates’ questions related to management and operations within his authority, while receiving additional recommendations to be submitted to the Board of Directors for further consideration.

During the discussion session, many delegates proposed solutions to improve production and business efficiency, promote technical innovation initiatives, improve working conditions and further enhance employees’ material and spiritual well-being.

Speaking at the conference, Phung Quang Hiep, Secretary of the Party Committee and Chairman of the Members’ Council of Vietnam National Chemical Group, acknowledged and highly appreciated the efforts of the leadership, staff and employees of Southern Rubber Industry Joint Stock Company in maintaining stable production and business operations and gradually overcoming challenges in 2025.

According to him, the global and domestic economic environment has recently experienced many fluctuations. Geopolitical factors, market volatility and international trade policies have significantly affected manufacturing enterprises, including the rubber industry.

In particular, changes in reciprocal tax policies in certain major export markets, especially the United States, which accounts for a significant share of the Company’s export turnover, have directly impacted revenue and business performance. However, thanks to solidarity, proactive management and strong determination, the Company has maintained stable production, ensured employment and income for more than 1,700 employees and gradually improved working conditions and employee welfare.

The Chairman emphasized that the achievements of the past year are highly commendable and reflect the collective responsibility and unity of the Company’s leadership and workforce. In addition to maintaining stable production, the Company has also made significant efforts in improving governance, enhancing production efficiency through cost control, reducing defect rates, improving raw material utilization and optimizing production processes.

For the coming period, Phung Quang Hiep suggested that the Company should continue to innovate its management practices, strengthen competitiveness and proactively adapt to market fluctuations. In particular, Casumina should focus on researching and developing high value-added product lines that align with the development trends of the automotive and transportation industries, especially products serving electric vehicles and next-generation transport systems.

At the same time, the Company should continue consolidating and expanding its markets, improving product quality and maintaining the reputation of its brand in both domestic and international markets.

In addition to production and business tasks, the Chairman also emphasized the importance of improving employees’ material and spiritual well-being and working conditions. According to him, employees are the decisive factor in the sustainable development of enterprises. Building a safe and friendly working environment, ensuring stable income and good welfare policies will motivate employees to stay committed and contribute actively to the Company’s development.

With its existing foundation, tradition of solidarity and spirit of innovation, he expressed confidence that Southern Rubber Industry Joint Stock Company will continue to leverage its strengths and successfully accomplish its 2026 production and business objectives, thereby contributing positively to the overall development of Vietnam National Chemical Group.

On this occasion, Vietnam National Chemical Group presented awards to collectives and individuals of Southern Rubber Industry Joint Stock Company for their outstanding achievements in the 2025 labor and production emulation movement. The Company’s leadership also presented commemorative medals to individuals who have made long-term contributions and significant efforts toward the development of Casumina.

At the conclusion of the program, 100 percent of the delegates voted to adopt the Resolution of the 2026 Employees’ Representative Conference, demonstrating the strong determination of all Casumina managers, staff and workers to promote unity, creativity and dedication in achieving the Company’s production and business goals in 2026.