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Viet Nam information

HÀ NỘI — Hòa Phát group has determined to invest VNĐ1 trillion (US$forty million) in constructing a top quality put up-tensioning steel manufacturing unit, Vũ Thị Ánh Tuyết, deputy director of Hòa Phát equipment and accessory business constrained, spoke of.

The plant is observed in Dung Quất financial Zone in the significant province of Quảng Ngãi and may be the primary awesome metal manufacturing unit in Việt Nam.

it's developed to change steel imports and add value to its closed creation model of the Hòa Phát Dung Quất iron and steel production complex.

The task has a capability of 160,000 tonnes per year, together with three high-conclusion items -- computing device bar, laptop Strand and pc Wire. These items are utilized in huge-scale infrastructure projects that require excessive know-how, excessive load skill and defense, similar to towers, viaducts, pass-sea bridges, high buildings and cables. additionally, these products support optimise space and material expenses, shortening the time of building work.

The submit-tensioning plant is located right next to the complicated, leading to big reductions in transportation fees and inventory, in addition to meeting the production agenda and supplying the items directly. hence, the constructive place will lessen the cost of items and lift competitiveness in comparison with imported items.

The mission will make use of alternatives to upgrade the value chain of Hòa Phát’s metal items. With a latest and synchronous production line from Europe, Hòa Phát post-tensioning metal factory has abilities to fulfill the demand of linked products, guaranteeing the very best quality.

based on Tuyết, Việt Nam imports a hundred per cent of put up-tensioned metal items from China, Thailand, Indonesia, Republic of Korea and Japan, with annual output of over 70,000 tonnes of workstation Bar and pc Strand steel to build infrastructure within the nation. in the first nine months of 2017, this determine expanded to 85,000 tonnes, a rise of 21 per cent over the complete outdated yr.

Hòa Phát post-tensioning steel manufacturing unit is expected to fulfill one hundred per cent of the demand for building of domestic infrastructure tasks, supporting the nation in actively investing in construction, reducing dependence on the external market, proscribing the bleeding of foreign currency and featuring the market with items of excessive first-rate and stability.

The plant is scheduled to be carried out within 12 months from the beginning of 2018, appropriate after being allocated land, and formally launched in early 2019. — VNS


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