Binh Dinh (VNA)
– Hoa Sen Group commenced the second phase of Hoa Sen Nhon Hoi Factory, located
in Nhon Hoi Economic Zone in the central province of Binh Dinh’s Quy Nhon city
on October 29.
The Hoa Sen Nhon Hoi
Factory is the group’s 11th plant and largest one in the central region, which
was built on an area of 21.3ha with a total investment of 2 trillion VND.
The second phase of the
plant includes five production lines, namely, a galvanising line with a
capacity of 250,000 tonnes per year; a cold rolling line, having a capacity of
350,000 tonnes per year; a pickling line with 800,000 tonnes per year;
colour-coated line with 150,000 tonnes per year; and an acid recycling line of
5,000 litres per hour.
It is expected that the
second phase will be completed by the end of 2018, which will create jobs for
1,000 workers.
On the same day, the Hoa
Sen Group also inaugurated the first phase of the factory, which has been
completed with three main lines — galvanising line with a capacity of 180,000
tonnes per year, colour-coating line with a capacity of 45,000 tonnes per year,
and a slitting line with a designed capacity of 100,000 tonnes per year.
Hoa Sen Group Chairman Le
Phuoc Vu said that Hoa Sen Nhon Hoi would meet the needs of the central and
central highlands provinces, as well as export to Laos, Cambodia, Thailand,
Europe and America.
Chairman of the provincial Binh
Dinh People’s Committee Ho Quoc Dung highly appreciated the process and the
investment efficiency of the Hoa Sen Group in the province. This is the third
project of this group in Binh Dinh.
Dung said he hoped the
province would receive more investment from the group in the future.
The continuous expansion of
the Hoa Sen Group’s recent production system has enabled its products to be
available in more than 70 countries and territories.
In the fiscal year
2016-2017, Hoa Sen sold more than 1.66 million tonnes of products, of which
587,000 tonnes were exported, up 28 percent over the previous year.
The total turnover was 26
trillion VND, of which the export revenue was over 420 million USD.
For the 2017-2018 fiscal
year, Hoa Sen is focusing on developing potential export markets, such as
Europe, America and India.-VNA