Hoa Phat (HPG) achieves record high export volume in September
Hoa Phat (HPG) achieves record high export volume in September
Hoa Phat’s steel sheet export volume reached the highest level ever with nearly 50,000 tonnes last month, double the previous month.
In the first nine months of the year, Hoa Phat's galvanised steel production recorded a strong growth, reaching more than 273,000 tonnes, 2.6 times higher than the same period last year. In which, the export volume was 176,000 tonnes of galvanized and cold-plated steel. The proportion of exports contributed 64 per cent of the company’s total steel sales in the nine month period. Hoa Phat’s steel sheet is in the Top 5 in terms of market share in Viet Nam with about 6.5 per cent.
In 2021, Hoa Phat will promote exports to major markets such as the US, Mexico, EU countries, the UK and the Southeast Asian region.
With annual capacity of 400,000 tonnes, Hoa Phat Steel Sheet Factory was invested with equipment from rust removal, cold rolling, galvanising, cold plating, colour coating to other auxiliary equipment. The entire equipment line was imported from G7 countries. In Viet Nam, Hoa Phat is the first and only corrugated iron manufacturing producer to be self-sufficient in input materials, thanks to hot rolled coil (HRC) products of Hoa Phat Dung Quat Iron and Steel Production Complex.
This is a great advantage that helps Hoa Phat promote market dominance with competitive prices and control quality from input to output. With 100 per cent made-in-Vietnam products, Hoa Phat has easily increased exports to major markets, especially countries with strict requirements of origin.
