Hoa Phat Steel Pipe Company posted 30 per cent sale growth rate

Hoa Phat Steel Pipe Company’s steel sale in the first seven months of the year reached 327,000 tonnes, sharply increased from the same period last year and meeting with 60 per cent of the whole year’s set target. The company also maintained its leading position in the steel pipe market with 26.5 per cent of market share.

Mr. Nguyen Thai Son, the company’s deputy director said they have continuously improve quality, diversifying products and closely forecast the market’s demand to ensure suitable inventory while enhancing marketing to expand market nationwide.

Steel pipe has the high growth rate in all products and markets

In addition, some objective factors such as the Government’s policies on import taxes and the development of the real estate market have also contributed to the increasing sale of steel pipe.

The forecast on material price trend of hot rolled steel helped the company be active in import materials for production with suitable price, bringing higher competitive advantages to its products. On the other hand, the company has always invested into upgrading its modern equipment and production lines to reach the highest quality.

In the year-end months, the Hoa Phat Steel Pipe Company would continue to implement many solutions in terms of production, sale and after-sale services to complete set targets. The company’s leaders said the company would surpass 15 to 20 per cent of the set targets in 2017.

                                                                                               Nghi Tran