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Hoa Sen opens first phase of new Binh Dinh plant

Released at: 10:27, 30/10/2017 BUSINESS SPOTLIGHT

Hoa Sen opens first phase of new Binh Dinh plant

Photo: Hoa Sen Group

Second phase of Hoa Sen Nhon Hoi Binh Dinh plant to open in late 2018.

by Ngoc Chi

The Hoa Sen Group held an inauguration ceremony for the first phase and kicked off the second phase of the Hoa Sen Nhon Hoi Binh Dinh Plant at the Nhon Hoi Economic Zone in Quy Nhon city, south-central Binh Dinh province, on October 28.

The plant covers an area of 21.3 ha with investment capital of VND2 trillion ($88 million).

It includes two phases, in which construction of the first commenced in early 2016 and has been completed.

The first phase comprises three production lines manufactures galvanized, color coated, and cold rolled steel products with a total capacity of 325,000 tonnes per year.

The second phase is to include five production lines and begin operations in late 2018. Upon completion of the plant, it is expected to create 1,000 jobs.

With a closed production process, modern equipment, and advanced technology under European standards from Italy’s Danieli, the plant produces quality steel products that meet the increasingly stringent requirements of domestic and foreign markets.

When the second phase goes into operation, it will be able to meet the growing demand in central and central highland provinces and be exported to Laos, Cambodia, Thailand, and Europe.

Hoa Sen currently owns eleven large factories and a branch network in the northern, central, and southern regions. All have synchronous machinery and apply modern production technology with consistent quality and meet international standards.

By building more factories and increasing its distribution network, Hoa Sen wants to bring the best products to consumers nationwide in the fastest delivery time. Its products are present in more than 70 countries and regions around the world.

The Hoa Sen Group aims to continue strengthening the domestic market by building new plants and expanding its distribution network. It will also continue to expand around the world by maintaining its traditional export markets and seeking new markets of potential, affirming the Hoa Sen brand globally.

It constantly aims to bring the best quality products and customer care services under specific activities such as technical innovation and perfect enterprise resource planning (ERP) systems management and will also accelerate the implementation of online purchases at www.hoasengroup.vn.

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