Hoa Phat’s prestressed steel exports doubled over the same period last year, exploiting new markets

24/11/2021 08:00

The total sales of prestressed steels (PC Bar and PC Strand) of Hoa Phat Metal Producing Company Limited in the first 10 months of 2021 reached nearly 75,000 tonnes. Of which the product’s exports alone contributed 27 per cent with more than 20,000 tonnes, double the same period last year. In addition to the US and Taiwan, Hoa Phat Group's prestressed steel has been exported to some new markets such as Canada, Singapore, Malaysia, Cambodia, Srilanka, Myanmar etc.

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Hoa Phat’s prestressed steel exports doubled over the same period last year, exploiting new markets

Hoa Phat Group has provided prestressed steel cable - PC Strand to the market from the beginning of this year. The product meets American standards ASTM A416/A416M-17, ensuring mechanical properties, compressive strength and other technical standards. It has been used in large-scale projects that require high engineering, load-carrying capacity and safety such as towers, viaducts, sea-crossing bridges, high-rise buildings, and cable cars. Hoa Phat's prestressed steel products are highly appreciated by foreign customers thank to its high quality.

Hoa Phat Metal Production Company specializes in manufacturing and trading specific products such as galvanized wire, prestressed steel and flanges which are used for the production of prestressed concrete piles. The autonomy of input materials from Hoa Phat's iron and steel complexes has brought many competitive advantages to the company, optimizing the value of the group's steel product ecosystem.

It is expected that in 2022, the company would put into operation the PC Strand line No 2 at the Prestressed Steel Factory (Dung Quat Economic Zone in the central Quang Ngai Province) to double the output in 2021. At the same time, the first PC Wire line is expected to have test run in February 2022. 

The galvanized steel wire production line in the phase 3 is expected to be installed and put into operation in March 2022. The new line has many improvements and high technology to help increase the galvanized wire product quality to meet the exports to demanding markets such as the US, Canada, South Korea etc. 

Also in 2022, the company is expected to invest in building a factory specializing in manufacturing metal accessories for construction, bridges and container corners, serving Hoa Phat Container Factory. The factory is located right next to the Hoa Phat Container Project in southern Ba Ria - Vung Tau Province.

Hong Hanh

 

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