Hoa Phat Group to start construction on container plant in June in Ba Ria Vung Tau

13/04/2021 14:00

On April 12th 2021, the Department of Planning and Investment of  Ba Ria Vung Tau granted the business registration certificate to Hoa Phat Container Manufacturing Joint Stock Company. Hoa Phat Group has arranged enough capital to implement the project according to the committed schedule with the locality. It is expected that Hoa Phat will complete the procedures and start construction of the cargo container plant in June 2021.

Raw materials for the production of shipping container are hot rolled coil (HRC) steel, special grade SPA-H, natural resistance, weather resistance. This is a product of Hoa Phat Dung Quat Steel Integrated Complex. In Vietnam, only the Hoa Phat Dung Quat Complex has the technology to produce this type of steel.

hrc-san-xuat-container

Raw materials for the production of shipping container are hot rolled coil (HRC) steel, special grade SPA-H

Hoa Phat Group has advantages of big scale production and being active in material resources as well as experiences in manufacturing. These factors have ensured high quality and reasonable prices for its cargo container to compete with Chinese products.

In 2020, Hoa Phat Group exported more than 1 million tonne of steel billet to the Chinese market. The production costs of Hoa Phat Group in particular and other Vietnamese goods in general have become more competitive with China.

The company's registered business address is located at B5, Street D, Expanded Phu My II Industrial Park, Tan Phuoc Ward, Phu My Town, Ba Ria - Vung Tau Province. The company’s charter capital is VND3 trillion. Hoa Phat's cargo container factory project will have a capacity of 500,000 TEU a year, focusing on popular container products, with a length of 20-40 feet. In which, the first phase  has a capacity of 180,000-200,000 TEU a year.

Mr Vu Duc Sinh, director of the Hoa Phat Container Manufacturing Joint Stock Company said: “We chose Ba Ria - Vung Tau to set up our first factory because it is located in the driving force area of the Southeast region, close to major seaports such as Cat Lai, Cai Mep-Thi Vai and has many benefits to ensure the success of the project. It is expected that at the beginning of the second quarter of 2022, the first shipping containers under the Hoa Phat brand name will be available on the market”.

With an output of 500,000 TEU a year, the container production will need one million tonnes of HRC a year, which is a very good output for the Hoa Phat Dung Quat Steel Integrated Complex and Hoa Phat Dung Quat 2 Project. The container manufacturing is a value-added product in Hoa Phat's iron and steel manufacturing ecosystem.

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