Hoa Phat steel pipe output increased by 17% in May

04/06/2020 09:25

In May 2020, Hoa Phat steel pipe production reached 70,500 tons, an increase of 17% compared to April 2020. This is the highest sales volume achieved by Hoa Phat Steel Pipe since the beginning of the year.

In particular, the South market went up by 20.2% compared to April 2020, and 19.56% over the same period of 2019. Following the South, the North market increased by 18% compared to April and 35.6% over the same period. Due to this result, Hoa Phat Steel Pipe continuously reinforces the leading position, accounting for more than 31.7% of the market share – maintaining the No. 1 market share in Vietnam.

According to Mr. Nguyen Thai Son, Deputy Director of Hoa Phat Steel Pipe Co., Ltd., Hoa Phat steel pipe sales in May grew strongly due to the deployment of large-sized pipe products, which are supplied for projects across the North, Central and South. Besides, Hoa Phat Steel Pipe also received the added advantage from the governmental public investment policy with the VND 700,000 billion package which mainly disbursed into roads and bridges. In addition, sales volume grew well because of the increase of social consumption after Covid-19.

 

Hoa Phat supplies the high quality large-sized steel pipes which meet ASTM A53 and ASTM A500 standard to ensure good strength and high aesthetics. Products are manufactured with pressure test system, dredging pipe end system, internal welds scraping systems.

Officially launched since February 2020, Hoa Phat Steel Pipe Co., Ltd is the pioneer in the Northern region to produce and supply special products having super-large diameters: ⱷ273 and ⱷ 325mm round pipe, 200x200mm and 250x250 mm square pipe, 200x300mm rectangular pipe. Thickness is up to 12mm which can completely replace import pipes from China. Although newly launched in the first quarter, the quality of products has been well received and appreciated by the market.

1 

The most modern large-sized steel pipe production line in Vietnam of Hoa Phat Steel Pipe with a total investment of 4 million USD is located at Hoa Phat Hung Yen Steel Pipe Factory (Nhu Quynh - Van Lam Industrial Park). Capacity is 50,000 tons / year

With good bearing capacity and high strength, large-sized steel pipes are widely used in stations, airports, bridges, steel structure frames or load-bearing rigs for mega-constructions, fire protection systems, skyscrapers, apartments, gas pipelines, oil pipelines ...

"Super-large diameter, super-thick pipe wall", Hoa Phat large-sized steel pipe products are being used by projects such as Vedan - Dong Nai Factory, Daklak solar power project ...

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On June 20, 2020, the Northern Steel Structure Association will hold a preliminary seminar for the first 6 months of the year, and will visit Hoa Phat's large-sized steel pipe production line project in Hung Yen.

Hong Hanh

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