Hoa Phat (HPG) enjoys strong export growth in first 11 months
Hoa Phat (HPG) enjoys strong export growth in first 11 months
Steelmaker Hoa Phat Group exported 914,000 tonnes of construction steel in the first 11 months of this year, a year-on-year surge of 90 per cent.
The figure is expected to surpass 1 million tonnes in 2021, doubling the amount recorded last year and making up nearly 30 per cent of the steelmaker’s sales.
In November alone, Hoa Phat shipped more than 100,000 tonnes of construction steel abroad, seeing a 2.3-fold increase year on year.
The product was exported to 20 markets across the globe, primarily to Canada, Australia, Japan, the Republic of Korea and Cambodia.
With a total capacity of 8 million tonnes a year, Hoa Phat Group is the largest steel producer in Viet Nam as well as in Southeast Asia. The group is in the top 15 steel producers with the largest capitalisation in the world.
In remaining months of this year, the steelmaker receives big orders from the markets of Japan, Singapore, Hong Kong (China) and Canada, signalling a positive sign for its exports in the coming year.
