History

Petroleum Industrial Materials Distribution Company (PIMD) is a member of “PetroVietnam General Services Joint Stock  Corporation – Petrosetco” (www.petrosetco.com.vn) – a subsidiary of PetroVietnam Oil and Gas Group.

To be assigned by PetroVietnam Group in January 2010, Petrosetco has established Petroleum Industrial Materials Distribution Company (PIMD) with a mission of consumtion and distribute polypropylene products (both yarn and injection grades) of Dung Quat Polypropylene Factory of Binh Son Refining and Petrochemical company limited, satify a part of polypropylene demand in Vietnam market.

On Mar 30th, 2011, Petrosetco signed a contract with PetroVietnam Petrochemical and Textile Fiber Joint Stock Company (PVTEX) to officially become a Level-1 Agent of PVTEX’s Dinh Vu Polyester Factory. As a Petrosetco’s company which has function is to distribute petrochemical products, PIMD continue to be assigned as a ditributor of
Polyester Staple Fibre (PSF), Polyester Filament Yarn, and Polyester Chips of Dinh Vu Polyester Plant. Dinh Vu Polyester Plant is the first Vietnamese plant to produce Polyester fibre, and gave the first commissioning products by 20th November, 2011.

Beside PP and Polyester distribution, PIMD  is also trading agricultural products such as tapioca chips, tapioca flour, corn…This is one of traditional business operation of Petrosetco and to be taken over by PIMD from other company of Petrosetco when Petrosetco performed general restructuring corporation.