Hoa Phat Posts 100% Increase in Prestressed Steel’s Sales in H1
Vietnamese Hoa Phat Metal Production Company Ltd. produced and supplied more than 43,000 tonnes of prestressed steel of all kinds to the market in the first six months of 2021. Of which, export volume reached 8,500 tonnes. Both domestic and export sales volume in the first half of the year increased by more than 100 per cent over the same period period last year.
Many projects across the country have used Hoa Phat's PC Strand products such as Yen Nghia Pumping Station (Hanoi), the Dong A-Sam Son coastal ecological urban area (Thanh Hoa Province), the Sa Huynh coastal anti-erosion embankment (Quang Ngai Province), the technical infrastructure project of D and E zones at Golden Hills City, East ring road of Da Nang City, TIA Wellness Danang resort etc. Hoa Phat Group has exported prestressed steel bars and prestressed steel cables Strand to many countries such as the US, Taiwan, Cambodia, Myanmar.
In addition to prestressed steel, the company's drawn steel wire output reached more than 27,000 tonnes, representing 13 per cent year-on-year increase. In which, the export volume accounts for about 55 per cent, including black steel wire products and hot dipped galvanized steel wire. The products’ export market includes the US, Canada, South Korea, Taiwan, Malaysia, and Laos.
Hoa Phat Metal Production Co Ltd specializes in manufacturing and trading wire rod steel, pre-stressed steel and flanges for the production of pre-stressed concrete piles. According to the company's development plan, Hoa Phat wire rod steel factory in Hung Yen Province will reach a capacity of 100,000 tonnes a year, and the prestressed steel factory in Quang Ngai Province will have a scale of 320,000 tonnes a year in the upcoming time. Flange products are manufactured at Hoa Phat Binh Duong Mechanical Factory, with a capacity of 12,000 tonnes a year. The main input materials for production of drawn steel wire and prestressed steel are high quality wire steel of Hoa Phat Steel Integrated Complex in Hai Duong and Quang Ngai provinces.