Top 10 outstanding events of Hoa Phat Group in 2017

Hoa Phat Group yielded many successes in 2017 with impressive figures in its production and business. HPG News reviews Top 10 outstanding events and achievements of the group in 2017 to welcome the New Year 2018.

1. Hoa Phat Group - 25 years of development: The journey to conquer the peak

Over the past 25 years of building and development, Hoa Phat Group has become one of the leading industrial manufacturers in Viet Nam, a brand that has captured hearts of millions people.

Starting from a company specializing in construction machine trading in August 1992, up to now, Hoa Phat Group has 11 member companies with nearly 15,000 employees and dozens of factories across the country. With the core business of steel, Hoa Phat is one of the leading industrial manufacturers in Viet Nam, an enterprise with a capitalisation of over US$3 billion in the stock market (by December 30th 2017) and recognized by reputable organizations both inside and outside the country.

To create today's achievements, tens of thousands of the group's members all over the country have been really working with all their enthusiasm with the spirit of "harmony for development". The business philosophy is promoting the companion; bringing strengths of individuals into a team full of strength to bring Hoa Phat overcome all challenges.

2. Hoa Phat introduces new brandname identification

Hoa Phat Group on November 1^st 2017 officially introduced its new brandname identity. Its new logo with a more strong, modern and dynamic image follows the group’s philosophy “harmony for development”. The new brandname identity was made with an aim to further complete Hoa Phat’s image, prestige and at the same time to match its scale and stature in the future.

The new logo is a combination of the old logo's basic lines and modernity, forming a whole that inherits core values and showing development.

The three crossed triangles at an earlier point were refactored into a directional arrow to show a consensus forward, continuing to pursue the group's quality target. Underneath the three arrows is the stylized image of hands together to build a solid foundation for the past 25 years.

The group's slogan (business philosophy) was also raised to new heights: Harmony with development. The word "AND" in the old slogan was changed to "TOGETHER" in order to enhance relationship between Hoa Phat and its partners, agents and community to support each other for further growth.

3. Hoa Phat builds iron and steel production complex

The Dung Quất Economic Zone Authority (DEZA) and Quảng Ngãi Industrial Park Management Board on February 6^th 2017 granted an investment certificate for the Hòa Phát Dung Quất iron and steel production complex to the Hòa Phát Group.

The project takes up 372.7 hectares with a total investment capital of VNĐ60 trillion (US$2.65 billion).

Of the area, nearly 340 ha will be used for building factory and 27 ha for building a specialized port.

The project was designed to have an annual capacity of four million tonnes of steel products, including steel for construction and rolled steel. It is expected to be completed in four years.

The project, divided into two phases, will be equipped with modern and environmentally-friendly technologies.

The annual capacity of the first phase will include one million tonnes of steel for construction and one million tonnes of high-quality rolled steel. The second phase is designed to produce two million tonnes of hot-rolled steel flat bar for machinery manufacturing.

4. Hoa Phat’s steel sales surpassed 2 million tonnes for the first time

With the sale of over 220,000 tonnes in December, Hoa Phat construction steel made a record of 2.17 million tonnes in 2017 for the first year, increasing 20 per cent compared to 2016. This number exceeded 10 per cent of the set targets earlier this year.

In the domestic market, Hoa Phat continued to affirm its leading position with a market share of 24 per cent. Product sales in the central and southern regions have been growing rapidly. In addition to steel products, Hoa Phat sold 50,000 tonnes of steel billets to domestic and foreign markets.

The continuous improvement on equipment line recently of Hoa Phat Steel Complex as well as factories in Hung Yen Province helped Hoa Phat Steel to maximize efficiency, thus increasing production and sales to serve market.

5. Hoa Phat pioneered in high quality steel to replace imports

Hòa Phát Group has decided to invest VNĐ1 trillion (US$43.9 million) in building a high quality post-tensioning steel factory.

The plant is located in Dung Quất Economic Zone in the central province of Quảng Ngãi and will be the first high-quality steel factory in Việt Nam.

It is built to replace steel imports and add value to its closed production model of the Hòa Phát Dung Quất iron and steel production complex.

The project has a capacity of 160,000 tonnes per year, including three high-end products - PC bar, PC Strand and PC Wire. These products are used in large-scale infrastructure projects that require high technology, high load capacity and safety, such as towers, viaducts, cross-sea bridges, high buildings and cables. Moreover, these products help optimise space and material costs, shortening the time of construction work.

Hòa Phát post-tensioning steel factory is expected to meet 100 per cent of the demand for construction of domestic infrastructure projects, supporting the country in actively investing in development, reducing dependence on the external market, restricting the bleeding of foreign currencies and providing the market with products of high quality and stability.

6. Hoa Phat brings first phase of wire rod steel factory into operation

Hoa Phat Equipment and Accessories Company Ltd completed and brought into operation the first phase of the wire rod steel factory at Pho Noi A Industrial Park in Hung Yen Province. The factory is expected to completely replace imported wire rod steel. The project has total investment of more than VND100 billion which was equipped with the most advanced and synchronous production line.

In the first phase, the factory has capacity of 3,000 to 4,000 tonnes per month or around 40,000 tonnes per year. The factory has 9 wire rod lines, a galvanized line and an incubator system.

Hoa Phat’s wire rod steel was given certificates of TCVN, ASTM (the US), BSI (UK) and JISG (Japan) from Quality Assurance and Testing Centre 1 (Quacert 1) under the Ministry of Science and Technology.

In the first phase of the Hoa Phat wire rod steel factory was started its construction in the second quarter of 2017. The line was brought into operation six months later. The hot dip galvanized steel line is expected to have first product in the middle of December 2017.

The Hoa Phat Equipment and Accessories Company will invest into the second phase with the same capacity of 3,000 to 4,000 tonnes per month in 2018. Each phase is expected to bring revenue of VND500 to VND600 billion a year for the company as it come into operation.

7. Hoa Phat furniture used at  APEC Da Nang 2017

The 2017 Asia-Pacific Economic Co-operation (APEC) Summit hosted by Viet Nam was held in the central Da Nang City on November 6 to 11. The event was attended by leaders of 21 APEC’s economies, more than 10,000 local and foreign participants and thousands of reporters. The hi-end leather chair of Hoa Phat Furniture was honoured to be chosen for the meeting of leaders of 2017 APEC’s member countries.

APEC 2017: First session of the 25th APEC Economic Leaders' Meeting

Da Nang City carefully prepared for the success of the summit including hotels and meeting location. Hoa Phat hi-end leather chair SG – 905 was chosen in the summit of 21 leaders. The chair with Power brand has been one of the most hi-end products of Hoa Phat which was registered for brand protection at the National Office for Intellectual Property of Viet Nam.

Being selected at APEC 2017 shows the prestige and quality of Hoa Phat Furniture's leading products, contributing to the image of a strong developing Viet Nam.

8. Mandarin Garden 2 project handed over to home-buyers

Located in a prime location of south Ha Noi, Mandarin Garden 2 is adjacent to the 2.5 ring road and other important routes such as Kim Dong Street and Giai Phong Street. The location makes it easy to get to the central area and connecting to the western and southern regions of the capital.

Mandarin Garden 2 is located in the midst of rapidly developing social infrastructure in the heart of the city: close to university systems, central hospitals, green parks, commercial centres and entertainment areas.

The Mandarin Garden 2 was planned to become not only a high-end apartment building but also a green living environment and renewable energy for community in the south of the city. Hoa Phat therefore strongly invested for landscape items and utilities of the project.

At the end of December 2017, Hoa Phat started handing over first apartments in Mandarin Garden 2 to customers.

9. Completing trial run of colour coating line

Hoa Phat Galvanizing Steel Sheet Plant on December 22th 2017 finished trial run of its colour coating line with a maximum capacity of 120 metres per minute. This was the test run for check-ups of equipment prepared for official operation in early 2018.

The production line was run from November 27th to December 9th. According to experts, the test run is very stable. The wet running process will go through the steps: alkaline washing tank - chemical coating - primer - drying - paint finishing - drying - through some small steps to produce the final product.

The colour coating line is expected to have the first product in mid January next year. The bleach line will be available before Tết (Lunar New Year). The galvanizing line will come out in the second quarter of 2018.

This will be the most modern and integrated galvanizing plant in Viet Nam with machinery and equipment imported from European countries, G7, of which, the biggest supplier is Danieli (Italia).

10. Hoa Phat honoured with prestigious awards

Hoa Phat’s brandname prestige and products’ quality in 2017 was further confirmed in the market thank to its strong investment into all sectors. Hoa Phat has been continuously honoured in many prestigious rankings so far this year.

Hoa Phat was listed in the Top 10 most prestigious listed companies in Viet Nam in 2017 for two consecutive years with many big names, Top 10 best profitable firms, Top 10 best prosperity companies of which Hoa Phat was among top 3 of the list.

In addition, Hoa Phat was also in the Top 15 strongest brandnames in Viet Nam and Top 40 most valuable brandnames in Viet Nam of Forbes for two years in a row, Top 10 most prestigious building material companies.

Hoa Phat has also been actively participated into social and charity activities such as free heart surgeries for children, scholarships to students of National Economics University, offering gifts to poor households, buying 250 million tonnes of watermelon for farmers in Quang Ngai Province and financing healthcare equipment to Bach Mai Hospital. 

                                                                                                   HPG News