On 18/4, Hoa Phat Group, led by billionaire Tran Dinh Long, unveiled a new steel pipe factory. This facility boasts an annual production capacity of 400,000 tons, increasing the group's total steel pipe output to 1.2 million tons per year. The expansion aims to solidify Hoa Phat's leading position in the domestic market, where it currently holds nearly 35% market share.

The factory specializes in manufacturing diverse steel products for both civil and industrial construction. Its offerings include: black steel pipes, galvanized steel, and super-large steel pipes. This production is crucial for several key national developments, with the factory already supplying materials to projects such as Long Thanh airport, Phu Quoc airport, and the APEC Phu Quoc Convention Center.

Spanning 15 hectares, the new steel production facility is situated within Thuan Dao Industrial Park in Tay Ninh province. This industrial park is developed and managed by a subsidiary of Dong Tam Joint Stock Company, chaired by Vo Quoc Thang. The factory's strategic location, near TP HCM and approximately 30 km from Long An international port, offers significant advantages for expanding market reach in the southern region and facilitating exports. Furthermore, the factory incorporates a 10 MW rooftop solar power system, meeting over 50% of its electricity demands.

Inside Hoa Phat's new factory in Thuan Dao Industrial Park (Tay Ninh province). *Photo: Hoa Phat*

Hoa Phat demonstrated strong performance in the first three months of the year, selling over 241,000 tons of steel pipes. This represents a 30% increase compared to the same period last year. The southern region was a significant contributor, accounting for approximately 90,000 tons of the group's steel consumption. Last month alone, sales in the south reached a record high of 37,600 tons.

Looking ahead, Hoa Phat has set ambitious financial targets for the current year. The group aims to achieve 210,000 billion VND in revenue and 22,000 billion VND in profit, marking increases of 33% and 42% respectively over the previous year. If these targets are met, it will represent the highest revenue in the company's history. Steel products currently drive the majority of the group's earnings, contributing about 95% of its revenue. Agriculture accounts for 5% of revenue, and real estate contributes 1%.

Phuong Dong