Important milestones of Hoa Phat Group in 2019

14/01/2020 09:00

In 2019, Hoa Phat Group has recorded many impressive events, numbers, and milestones. Let's review 10 events and outstanding achievements of Hoa Phat Group together with HPG News in the past year.

1. Hoa Phat Steel first reached 300,000 tons in November, the market share of steel exceeded 26%.

In November 2019, the production and sales output of Hoa Phat construction steel reached record numbers ever. The amount of steel supplied to the market reached 300,000 tons, the highest in nearly 20 years of history as the Group's construction steel, an increase of 36.4% compared to November 2018.

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In the Southern region, sales volume also reached a record of over 80,000 tons for the first time in November, nearly 3 times higher than the same period in 2018.

Accumulated throughout the year, Hoa Phat Steel has produced and supplied 2.77 million tons of high quality steel to the market, up 16.7% over the same period, of which over 265,000 tons were exported to markets such as Japan, Cambodia, Korea, Taiwan, Malaysia, Australia, and the US ... the market share reached 26.2%, further confirming the No. 1 position in market share in Vietnam.

The record output level is a confirmation of Hoa Phat Steel's initial success in investing in expanding production towards focusing on product quality, constantly diversifying types, grades and optimizing values of steel product chain.

This is also a motivation for Hoa Phat Steel to complete the plan in 2020 with the goal of reaching 3.6 million tons of construction steel, of which the Central region - Central Highlands strives to grow by 50% and the South to grow 100% compared to 2019 production.

2. Hoa Phat Dung Quat Iron and Steel Complex operates phase 1 testing

After nearly 3 years, Hoa Phat Dung Quat Iron and Steel Complex has basically completed phase 1 and is testing and operating the No. 1 and No. 2 blast furnaces and related items in a closed production chain from iron ore to construction steel.

For phase 2, over 80% of main equipment items have been completed, expected to put into operation the remaining 2 blast furnaces and flat steel rolling mill (HRC) in operation in the second quarter of 2020.

In parallel with the trial operation of phase 1, Hoa Phat Dung Quat seaport is capable of receiving 200,000-ton ships is also being completed.

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With 11 berths, Hoa Phat Dung Quat Port is considered as one of the most important items of the Dung Quat Iron and Steel Complex, because it is a huge and unique advantage of Hoa Phat Dung Quat Steel, helping to minimize optimizing logistic problems, easily importing input materials, unloading goods and exporting finished products ... from the complex to domestic and foreign markets. Thanks to the deep-water port, each ton of fuel helps Hoa Phat Dung Quat reduce 3-5USD / ton, this is a great advantage because the material must be imported every year up to millions of tons. 

3. Hoa Phat Hai Duong Steel increases the capacity of electricity generating of the Complex by 12MW

The dry coke stamping line at Hoa Phat Hai Duong Iron and Steel Production Complex officially came into operation in mid-August 2019. This is the most advanced ultra-clean heat recovery coke stamping technology in the world today, environmentally friendly, improving coke quality and reducing coke consumption for blast furnaces. Especially, with the recovery of residual heat from the dry coke stamping line, the capacity of the Complex will be increased by 12MW / year, bringing the total capacity of the Complex to 64MW.

The coke and thermoelectricity plant in Hai Duong iron and steel complex invested in a system of gathering, treating gas, excess heat and 3 generating sets with a capacity of 52MW, equivalent to a medium-sized thermal power plant. This measure proactively powers steel production, on the other hand ensures the production environment as well as the surrounding community. Since 2018, Hoa Phat Hai Duong Steel Joint Stock Company has invested about nearly 700 billion VND to invest in the nitrogen cup drying system to improve the technology to be more environmentally friendly and save production costs, raising the generation of electricity for production, from 52MW to 64MW from the third quarter of 2019, helping Hoa Phat take the initiative in 50-60% of the electricity demand for production, raising the competitiveness of Hoa Phat steel. The company is also focusing on building and installing machinery and equipment with a surplus capacity of 50 MW. The project is expected to be completed in September 2020. When the project of this super-high-pressure thermal power plant is completed, the electricity output of Hoa Phat Hai Duong Steel will increase by 50 MW and will be self-sufficient with 80% of the electricity of steel production for the Complex.

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4. Hoa Phat Hung Yen Steel completes a continuous casting complex.

After 19 years of association with Nhu Quynh land, on June 17, 2019, the Rolling Steel Factory, Hoa Phat Hung Yen Steel Co., Ltd. moved to Pho Noi A Industrial Park to create a closed steel production process from scrap to finished steel.

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Previously, the cast must be cooled, stored and transported to the Rolling Mill, then the embryo has to be put into the furnace before being put into the rolling, so it is interrupted and increases the cost of transportation, storage, furnace burning materials and rolling billet burning. When transferring the Rolling Factory to Pho Noi A Industrial Park to complete the continuous casting and rolling complex, Hoa Phat Hung Yen Steel created a closed production process, contributing to reduce material consumption, costs, production stages. , increase recovery of finished steel products. Accordingly, the process of making steel from scrap and casting into hot billets is transferred directly to rolling, creating steel bars for market supply. In addition to optimizing costs, the rolling molding complex also helps to improve factory infrastructure and landscape to improve working conditions and environment for employees, limiting emissions and being environmentally friendly.

Starting operation in September, currently the continuous rolling smelting complex has run about 90% of designed capacity, when reaching 100% of capacity, the Company will provide the market with nearly 400,000 tons of steel. construction / year.

5. In the field of steel pipe and corrugated iron, sales volume has grown strongly

In November 2019, not only did construction steel achieve record sales, but Hoa Phat steel pipe also reached the highest level ever in sales history, reaching 72,500 tons, up 27.6% over the same period. 2018. In particular, the North market has the highest growth rate with 38.4%. With this result, Hoa Phat maintains its position as the No. 1 steel pipe manufacturer in Vietnam with over 31% market share.

In the 12 months, Hoa Phat provided 750,800 tons of steel pipe, up 14.8% over the same period in 2018, exports reached 19,100 tons, up 17% over the same period.

Besides the No. 1 position in Vietnam, Hoa Phat Steel Pipe also exports to markets in North America, Southeast Asia, India, Australia and Latin America ....

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Along with the consistent policy and superior quality products, stability, good service, diverse models, Hoa Phat steel pipe products are trusted and welcomed by customers and partners to help Hoa Phat set a record of steel pipe sales in November and reached 750,800 tons for the whole year. This is also a premise for Hoa Phat Steel Pipe towards a 10% growth target for 2020. In December, the Company put into operation a large-sized steel pipe line. Hoa Phat large-sized steel pipes will provide for bridges and roads, steel structures for large national projects, fire protection systems, high-rise buildings, apartments, airport construction, systems. gas pipes, oil pipelines ...

The launch of Hoa Phat's large-sized steel pipe in the market helps engineers and contractors to actively select reputable quality suppliers for projects. This is also the first large-sized steel pipe production project in the North, contributing to affirming Vietnam's No. 1 position of Hoa Phat Steel Pipe.  

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Ton Hoa Phat advertisement is currently being broadcast widely on VTV1, HTV9 and Vinh Long Television channels, Premier League matches on K +

For steel sheet product line, after nearly 2 years of official presence in the market, Hoa Phat Steel Sheet Company has built a distribution system throughout the country, achieving an annual sales volume of 5 times higher than in 2019 compared to 2018. 

With modern technology lines imported from Europe, Hoa Phat Steel Sheet provides the main product lines such as rust remover corrugated iron (PO), cold rolled corrugated iron (Full hard), galvanized iron (GI), galvanized steel sheet aluminum zinc alloy (GL), color coated corrugated iron, especially galvanized steel sheet applied in harsh environmental conditions (SPE paint, PVDF paint), widely used for civil, domestic and industrial projects exported to markets all over the world. 

Currently, Hoa Phat Steel Sheet has increased its coverage, gained a foothold in the domestic market and conquered many export markets such as the EU, US and some Southeast Asian countries (Indonesia, Malaysia) .... Hoa Phat Steel Sheet products have been highly appreciated by partners for quality and after-sales service. Following the successes in the North and the Central, from September 2019, Hoa Phat Steel Sheet has continued to expand its market into the Southern region. 

6. Hoa Phat Equipment and Spare Parts Company changed its name to Hoa Phat Metal Manufacturing Co., Ltd.

After 27 years of pioneering in supplying high quality products to the market, the Equipment and Spare Parts Company has gradually transformed itself into the steel business (prestressed steel, wire drawn steel) and achieved significant achievements in terms of production as well as sales volume. With the purpose of affirming the brand's position, expanding, developing and promoting products and services, with the approval of the Hanoi Department of Planning and Investment, from September 19, 2019, Co., Ltd. Hoa Phat Equipment and Parts changed its name to Hoa Phat Metal Manufacturing Co., Ltd. 

Hoa Phat Drawn Steel Wire is considered to be of the highest quality on the market today with products including: hot-dipped galvanized wire, soft annealed steel wire widely used in construction, fences, wire mesh, gabion ... 

In August 2019, the company completed installation of the second hot-dip galvanized steel wire line in Hung Yen to double the capacity of galvanized wire product. Not only replacing imported goods, Hoa Phat's steel wire has been exported to countries such as Korea, USA, Canada, Laos and Cambodia. In 2019, steel wire exports accounted for 39% of the total withdrawn steel output of Hoa Phat Metal Manufacturing Company.

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For pre-stressed concrete steel products, on March 18, 2019, the Company officially launched a new product - pre-stressed concrete steel bars (PC Bar) and received the attention of internal and external customers. country. Many large enterprises in the Association of pre-stressed concrete concrete piles have "registered" to purchase products of the Company and PC Bar products have been exported to markets in Cambodia, Hong Kong, Taiwan ...

The company is also hurrying to speed up the process of putting pre-stressed steel cable (PC Strand) line imported from Italy into operation, striving through the Lunar New Year to bring products to the market.

7. The husbandry sector has grown well

2019 is a quite successful year for the agricultural sector of Hoa Phat with strong growth of the livestock and animal feed segments. Revenue of this field reached 175% compared to 2018, in which the supply of Australian beef and clean chicken eggs of Hoa Phat was at the top of the market.

In 2019, Hoa Phat Trading Co., Ltd. (under Hoa Phat Agricultural Development Joint Stock Company) had impressive business results, the consumption of Australian cows accounted for over 50% of the national market share. By increasing the market share of Australian beef from 42% from the end of 2018 to 50% in 2019, Hoa Phat continues to affirm its position, holding the number 1 market share of Australian beef supply across the country.

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Only after a short time to enter the market, by the end of 2019, the egg production of Hoa Phat Poultry Company Limited also leads among businesses supplying Northern eggs with an output of 450,000 eggs / day.

Hoa Phat's commercial chicken eggs are processed through a modern line to ensure high quality eggs - clean - safe to consumers. In the field of pig production, with the farm system in both regions, the market price of live hogs increased sharply in 2019, also contributing to the revenue growth for Hoa Phat's pig segment.

8. Hoa Phat Refrigeration surpasses the revenue of 1,100 billion dong for the first time

With the high temperature base for many months, the demand for refrigeration products in Vietnam has increased, especially air conditioners. This is the main factor helping to increase sales volume of Hoa Phat Refrigeration Company. For the first time in 18 years of development, the Company has exceeded the profit target in 2019 before the deadline of 5 months. By the end of July, the Company's revenue reached 79% of the plan, up 33% over the same period in 2018. Especially, the profit after tax target increased by 82% over the same period and exceeded 9% of the plan that Group assigns to the whole year 2019. In the whole year of 2019, the Company has sold a total of about 260,000 products to the market.

Funiki Air Conditioner MMC2 is a production line on a modern production line in Malaysia, imported and distributed in Vietnam by Hoa Phat Refrigeration. The product has many outstanding features, compact and sophisticated design; using Gas R410a safely and environmentally friendly; extremely fast cooling; energy saving ... In 2019, the company will provide Funiki HSC series air conditioners using the new generation R32 refrigerant, the cooling efficiency is much faster than other types of gas, saving electricity and security. safer.

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This year, Funiki air conditioner has not only increased in the segment of civil and family, but also in many schools, hospitals, industrial park projects, public works. In addition to quality, price, warranty, after-sales are also factors that promote sales growth.

In addition to the Air conditioner, Freezer, Refrigerator Hoa Phat also grew well. The best-selling line is the traditional freezer, which is popular among business households and restaurants. By products manufactured on modern Italian line, meeting high quality standards, durable, super-economical, preserving food always fresh, refrigerators, freezers, Hoa Phat is a very familiar brand. with consumers.

9. Hoa Phat Furniture - A strong impression on the family product line

As a leading furniture manufacturer in Vietnam, constantly leading the market for office furniture with a series of large projects across the country, 2019 is the year of boom and breakthrough for projects, most notably the success of the Family project - with 2 exhibitions Vietbuild successfully held in HN & TP. Ho Chi Minh City, bringing great buzz for Hoa Phat Furniture in the vibrant southern market. The strong development of technology and application of technology in production has brought the maximum strength to Hoa Phat Furniture in developing a series of new products, from office furniture to home furniture with increasing momentum. Strong growth in 2019.

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Not only interested in numbers, Hoa Phat Furniture is proud to lead the trend when it is the first interior business to launch a campaign to reduce plastic waste in the factory system spanning 3 regions. With millions of furniture products each year, reducing plastic waste by practical action of Hoa Phat Furniture hopes to help formulate habits for businesses in reducing plastic waste and at the same time be able to provide positive consumer reception.

With this action, Hoa Phat Furniture hopes to become a leading furniture business in synchronous development, unifying the goal of maintaining the leading manufacturer position, and developing green for a clean environment. .

 

10. A prosperous year of real estate in Hoa Phat industrial park

In 2019, the Industrial Parks of Hoa Phat Construction and Investment Development Company continuously "welcomes" many large domestic and foreign enterprises to rent land for factories, bringing residential real estate, urban areas and industrial zone infrastructure business. The company has many prosperous, outstanding growth compared to the total area and revenue of 2018.

For the whole year, Hoa Phat's Complexes have leased more than 43.2 hectares of land, up 48% over the same period, revenue increased 56% to over VND 702 billion with 25 investors coming to lease land in 2019.

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Yen My II Industrial Park is attracting a lot of investors

With favorable geographical location, located between the two national highways 5A and 5B, Yen My II Industrial Park has a total planned area of ​​300ha (phase 1 is 100ha) becoming an attractive destination for domestic and foreign investors. country. Not only Yen My II, but Pho Noi A (Hung Yen) and Hoa Mac (Ha Nam) industrial parks, which are invested by Hoa Phat, also attract a series of enterprises leasing land.

With a convenient location, synchronous and modern technical infrastructure, from internal transport systems, electricity, water, centralized wastewater treatment systems ..., Hoa Phat's industrial parks are always attractive to investors. invest and have a high occupancy rate. As for real estate segment, Pho Noi - Hung Yen urban area is expected to be sold by the Company in the second quarter of 2020.

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