Siba Group Annual General Meeting: Mr. Truong Sy Ba ‘shows off’ technology for processing durian shells into biochar, with a factory in Ba Ria projected to contribute 1 trillion VND in revenue operational from Q3/2025

At the 2025 Annual General Meeting, Siba Group (SBG) approved a revenue target of 3.01 trillion VND, a 4% decrease from the previous year. The company anticipates a net profit of 49 billion VND, up 16%, by focusing on high-margin sectors like mechanical engineering and renewable energy. SBG plans to invest 400 billion VND in a high-tech mechanical factory in Ba Ria, scheduled for completion in Q3/2025, with expected annual revenue of 1 trillion VND from mechanical products. Mr. Truong Sy Ba stated that SBG is researching waste treatment technologies, including burning durian shells to create biochar. The company aims to achieve over 10 trillion VND in revenue by 2030, primarily from key sectors like high-tech mechanical engineering and renewable energy. SBG is also preparing to build a 200-ton/day waste treatment factory, with a long-term investment plan for 2-3 waste treatment plants.