08/07/2014
BinhDinh Economic Zone Administration has lately issued investment certificate for HoaSen steel pipe project of Hoa Sen steel pipe One Member Limited Liabilities Company inBinh Dinh
Picture: Mr Le Phuoc Vu,Chairman of Hoa Sen Group (in the middle) at the meeting with Binh Dinh provincialleaders in March 2014
Accordingly, the plant will be constructed on the land of 35,529 m2 in Nhon Hoa Industrial Park, An Nhon provincialtown, with investment capacity of VND 101 billion. The objective is to producesteel pipes to supply for the Central-Highland market. The plant is expected tohave capacity of 100,000 products/year and will go into operation in April2015.
Hoa Sen group is one ofthe leading economic group In Vietnam and Southeast Asiawith manufacture and trade system. At present, the group has 4 plants with4,000 workers, a direct distribution network of 115 branches and 03 warehousesnationwide. The outstanding products of the group are tole, plastic steel … In2013, the group gained VND 11,000 billion of revenue, VND 581 billion of after-taxinterest and 250 million USD/year of export. In 2014, the group is makingeffort to achieve a revenue of VND 14,000 billion and after-tax interest of VND 600 billion.