Hoa Sen Group started operation of the Hoa Sen Binh Dinh steel pipe
plant at the Nhon Hoa Industrial Park in Binh Dinh province on March 28.
Covering an area of nearly 40,000 square metres, the steel pipe plant has the total chartered capital of VND433 billion ($20 million). Out of the two planned phases of the project only the first one is functional, the second is expected to be constructed in July.
Once completed at the end of 2015, the plant will have the total capacity to produce 100,000 tonnes of steel pipes, creating the estimated revenue of VND1 trillion ($46.3 million) a year.
The project is a part of Hoa Sen Group’s plan to enhance production capacity to meet the increasing demand for steel pipes in the central region.
The group is currently building plants in Hai Duong and Nghe An provinces.
XM
