Hoa Phat Group establishes Iron and Steel Corporation and Steel Pipe - Color coated steel sheet Corporation

15/12/2020 17:55

Hoa Phat Group on December 15, 2020 announced the information from its board of directors’ resolution on the establishment of its Iron and Steel Corporation and Steel Pipe - Color coated steel sheet Corporation. The establishment was under the group’s restructure strategy.

 

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In which, the Resolution No. 12/NQHP-2020 on the establishment of Hoa Phat Iron and Steel Joint Stock Company. This is the legal entity that manages the entire field of the group’s steel production and business with its subsidiaries including: Hoa Phat Hai Duong Steel Joint Stock Company, Hoa Phat Dung Quat Steel Joint Stock Company, Hoa Phat Hung Yen Steel Company Limited, Hoa Phat Metal Manufacturing Company Limited and An Thong Mineral Investment Joint Stock Company.

The charter capital of Hoa Phat Iron and Steel Joint Stock Company is VND39 trillion. The company will implement investment, production and trading of construction steel and supporting activities.

In the field of color coated steel pipes and corrugated iron, the Resolution No. 11/NQHP-2020 clearly states that Hoa Phat Steel Pipe and Color-coated Steel Joint Stock Company has a charter capital of VND3.5 trillion. The company will have activities of investment, production and trading of steel pipes, colored galvanized steel sheet and supporting activities. Its subsidiaries include Hoa Phat Steel Pipe Company Limited and Hoa Phat Steel Sheet Company Limited.

Earlier, on December 10, 2020, Hoa Phat Group announced the decision to restructure the organizational model with establishment of corporations in charge of the group’s each field of operation. The group has completed the establishment of four corporations including: Iron and Steel Corporation, Steel Pipe Corporation and Color-coated Steel Sheet, Agricultural Development Corporation, Development Corporation and Real Estate Development Corporation.

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