Hoa Phat invests a galvanized steel sheet factory of 400,000 TPY

In the new product development of core businesses, Hoa Phat Group has decided to invest the project Hoa Phat galvanized steel sheet factory in Pho Noi A Industrial Zone, Hung Yen province with a capacity of 400,000 tons per year.

The investment objective of the Group is to produce galvanized steel sheet to the market demand increasingly, and supplementary materials for steel pipe factory in Hung Yen. With a total investment of 4,000 billion VND (including fixed capital VND2,000 billion), Hoa Phat will invest synchronously from detergents, cold rolled, galvanized / galvanized cold to paint. The output of the plant will be adhered pickling, cold-rolled sheet (full hard), cold galvanized steel sheet, galvanized and painted.

To deploy the plant, Hoa Phat has finished arrangements capital and expects starting from 5/2016, completing after 18 months and put into operation in early 2018.

According to leaders of the Group, Hoa Phat galvanized steel sheet factory will use the advanced technology from Italy, Japan, and Germany. With experience of the steel pipe production and existing throughout distribution system, Hoa Phat is totally confident that it will succeed with this project.