Hoa Sen Group exports 15,000 tonnes of tole to European countries

19-Mar-2019 Intellasia | NDO | 6:00 AM Print This Post

Steel maker Hoa Sen Group stated on March 16 that it has exported 15,000 tonnes of tole worth more than $11.5 million to the UK, Germany and Italy.

The announcement was made at an inauguration for its new Hoa Sen hot-dip galvanised steel pipe plant and to announce the successful deployment of its enterprise resource planning (ERP).

Hoa Sen currently leads the domestic tole market, accounting for nearly 34 percent of the total galvanised tole and 18 percent of the steel pipe market share. In 2018, Vietnam’s galvanised steel export volume reached 1.75 million tonnes, of which Hoa Sen’s contributed the most at over 639,000 tonnes, accounting for nearly 37 percent of the total export.

The group’s products are present in more than 75 countries and territories, especially in markets requiring high standards of quality, such as the US, Europe, and the Middle East.

Earlier, in February, Hoa Sen signed a contract to export 4,300 tonnes of tole worth roughly $3.7 million to Mexico.

Its newly-inaugurated 5.3ha factory is located in Phu My 1 Industrial Zone in Ba Ria-Vung Tau province. The VND500 billion plant has a design capacity of manufacturing and supplying 85,000 tonnes of high quality hot-dip galvanised steel pipes to the market per year.

In addition to investment in technical improvements and the application of modern technology in production, after nearly two years piloting, Hoa Sen announced to officially put the ERP system into operation. With a network of a parent company, more than 10 factories and over 500 retail stores nationwide, the successful operation of ERP is expected to help the group improve its management efficiency and reduce operating costs.



Category: Business, Vietnam

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