The area of cultivating sugar cane throughout Thanh Hoa province is more than 30.000 ha, of which over 30 thousand households farm sugar cane and more than 45 thousands of laborers have their jobs. Sugar cane has proved its function in poverty reduction and improved life for tens of thousands of households, facilitated the development of culture, society, education, medicine, and has changed the rural area as well as mountainous midland districts in Thanh Hoa Province. With 30 years of establishment and development, Lasuco have always cooperated with the farmers in Lam Son sugar cane area. At present, the principal limitations of such cultivators are great numbers, poorness, division and their disadvantageous position. Understanding their own worry, by applying 3 class association (workers, farmers and intellectuals), Lasuco have helped Thanh Hoa farmers overcome their difficulties. Specially, the cultivators are allowed to by shares (22.5 percent). This is the first time in our country the farmers have got involved in owning their business. After 35 years, the company has built up and developed a big materials area, helped farmers of 113 communes, members of 11 poor districts of Thanh Hoa escape from poverty. Lasuco always go along with Thanh Hoa’s farmers to overcome challenges.
"All is natural". Lasuco performs a redefinition of the Lasuco brand in line with the trend of the new era.
Lasuco officially transformed the management model, put the Company Limited Lam Son Agricultural Research and Development Center independently operated under the scientific enterprise model; Marking new changes, sticking and successful implementation of the original goal.
The General Meeting of Shareholders approved the conversion of the fiscal year from January 1 to December 31 every year to 1/7 - 30/6 years in line with the sugarcane crop production.
30/09/2013: Implementing the project "Investment in construction of Lam Son Hi-tech Agricultural Park" The total investment of the project is 135 billion, the investment capital from the capital of Lasuco is set up. from the science and technology development fund and the loan. The objective of the project is to: Design and build a national CNC Farm on the basis of forming North Central Agricultural Center.
The company completed the investment to build a project to raise the capacity of the Factory No. 2 from 4,000 TMN to 8,000 TMN with advanced technology attached to the 12.5MW power plant, bringing the total capacity of the Company to 10,500 TMN.
The company was listed on the Ho Chi Minh Stock Exchange with transaction code LSS. Chartered capital is VND300 billion, total assets are VND1,200 billion and owner's equity is VND800 billion.
To acknowledge the great contributions of the staff and the company leaders. The State has conferred the company collective and General Director Le Van Tam title Labor Hero in the renovation period.
The Prime Minister approved the investment project of Sugar Factory II under the Decision No 775 / TTg with the total investment of 451.098 billion. In 1998-1999, the project was put into operation, bringing the Company's production capacity up to 6,500 TMN, 2.6 times higher than the previous investment.
October 1995 Established Lam Son Sugarcane Association, in which Lam Son Sugar Company was the founding member. The Association is the focal point between the Farmer-Intellectual Enterprise, where the trust of farmers to support, promote the program of cultivation, propagation and development of sugarcane raw material for the plant.
On November 2, 1986, the factory went into production. From 1986 to 1989, the factory was extremely difficult: lack of capital, raw materials was not enough 5% capacity, more than 600 workers without jobs, The factory is on the brink of bankruptcy, has many times to discuss the demolition of moving to good places.
On 12/01/1980: The factory was built under Decision No. 24 / TTg of the Prime Minister approving the design task of building Lam Son Sugar Factory with a capacity of 1,500 tons of cane per day, equipment and labor. the technology of FCB Republic of France; Construction time is over 5 years.