SHI to focus on inox production and retail services

Le Vinh Son, chair of management board in Son Ha International Joint Stock Co (coded SHI) has lately revealed that in 2012, the company would concentrate on two main business lines of inox production and retail services.

Recently, the company has signed cooperation agreements with Bidv for providing funds for SHI and subsidiaries in developing the supermarket chain and supplementing working capital to serve for production demands in 2012-2017period. In details, Bidv would offer SHI a loan worth 78 billion dong for upgrading Ha Dong trade centre and 100 billion dong for building retail supermarkets sited at No 2 Hoang Quoc Viet St, Hanoi and in Tu Liem Industrial Zone, Hanoi.

In 2012, SHI aimed to obtain whole year revenue of 2.1 trillion dong, after tax profit of 35 billion dong. Last year, the company reported gaining revenue of 800 billion dong from trading inox steel pipes and 450 billion dong from inox scrolls.

 

Category: Business