Hoa Phat Group to start construction on container plant in June

13/04/2021 18:26 10

Hoa Phat Group to start construction on container plant in June


Steel maker Hoa Phat Group will start construction of a cargo container plant in June this year in the southern province of Ba Ria-Vung Tau.

The provincial Department of Planning and Investment on April 12 officially granted the business registration certificate to the Hoa Phat Container Manufacturing Joint Stock Company. The group has arranged enough capital to implement the project according to the committed schedule.

With an output of 500,000 TEU a year, the container production will need one million tonnes of HRC a year, which is a very good output for the Hoa Phat Dung Quat Iron and Steel Complex and Hoa Phat Dung Quat 2 Project. The container manufacturing is a value-added product in Hoa Phat’s iron and steel manufacturing ecosystem./.

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