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Hoa Sen Nghe An Steel Sheet Plant Project

On October 4th, 2014, Hoa Sen Group started the construction of Hoa Sen Nghe An Steel Sheet Plant at Nam Cam Industrial Park, Nghi Xa Commune, Nghi Loc District (Southeast Asia Economic Zone), Nghe An Province


Hoa Sen Nghe An Steel Sheet One Member Limited Liabilities Company is the investor of Hoa Sen Nghe An Steel Sheet Plant Project. This is the new project of Hoa Sen Group on the land of 12 hectare area with 3 phases started from September 2014 and expected to complete in August 2018. The project has a total investment of over VND 2,300 billion including 12 steel pipe lines with a total designed capacity of 100,000 tons/year, slitting line with a total designed capacity of 100,000 tons/year, color coating line with a total designed capacity of  100,000 tons/year, galvanizing line with a total designed capacity of 400,000 tons/year, cold rolling line with a total designed capacity of 400,000 tons/year, acid recycling line with a total designed capacity of 3,000 liters/hour, pickling line with a total designed capacity of 400,000 tons/year and CNC roll grinding machine with a total designed capacity of 24 rolls/day. It is expected that Hoa Sen Nghe An Steel Sheet Plant Project will complete the 3 phases in August 2018. When the plant operates, it will create jobs for about 500 employees and considerably contribute to local budget and economic social development of North Central Region.

 

 

The first phase, which has a total investment of nearly VND 420 billion, includes 12 steel pipe lines with a total designed capacity of 100,000 tons/year and slitting line with a total designed capacity of 100,000 tons/year. It is expected that 6 steel pipe lines out of 12 steel pipe lines will produce the first finished products in April 2015 and the first phase will be completed in December 2015. It was known that Hoa Sen Group used 30% of paid-up capital and 70% of bank loan to invest in the construction of the entire project.



Nam Cam Industrial Park, which was selected as the location to invest in building the plant, has a total area of 1,914.6 ha and belongs to Southeast Economic Zone of Nghe An Province. The industrial park has a very advantageous geographical location in commercial intercourse and industrial development such as 16km distance from Vinh City, 12km distance from the airport of Vinh City, 6km distance from Cua Lo Port, Highway 1A, North-South Railway. The technical infrastructure of the industrial park has been basically completed and met the requirements of production and business activities of the enterprises in the industrial park. Currently, Nam Cam Industrial Park has 58 investment projects including 8 FDI investment projects and 28 projects which have operated and created jobs for nearly 10,000 employees and contributed VND 500 billion to local budget.


Hoa Sen Nghe An Steel Sheet Plant plays an important role in the development strategy of Hoa Sen Group – the leading manufacturer and trader of steel sheet and steel in Vietnam with nearly 40% of coated steel sheet market share and over 20% of steel pipe market share. Moreover, the plant also plays a very important role in developing Central and Northern markets not only for the supply of goods but also for logistics. Products of Hoa Sen Group are present in all provinces throughout the country with over 130 nationwide branches. With good quality, reasonable price and good services, Hoa Sen Group always meets customers’ demands in the best and fastest way.


When Hoa Sen Nghe An Steel Sheet Plant operates, it will increase the production capacity and Hoa Sen Group’s ability to supply steel and to meet the demands of Central and Northern markets. Simultaneously, it will increase the output exported to Laos, Thailand and Myanmar and contribute to helping Hoa Sen Group become the leading supplier and distributor of building materials in Southeast Asia.

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