Industry News

Hòa Phát Group to start construction on container plant in June

Views : 170
Update time : 2021-04-13 17:03:40

Steel maker Hòa Phát Group will start construction of a cargo container plant in June this year in the southern province of Bà Rịa – Vũng Tàu.

The municipal Department of Planning and Investment on Monday officially granted the business registration certificate to Hòa Phát Container Manufacturing Joint Stock Company. The group has arranged enough capital to implement the project according to the committed schedule.

Raw materials for the production of shipping containers are hot rolled coil (HRC) weather-resistant and expensive SPA-H steel. Steel currently accounts for about 55 per cent of the production costs. This is a product of Hòa Phát Dung Quất Iron and Steel Production Complex. In Việt Nam, only this company has the technology to produce this type of steel.

The group has experience in large scale production, material resources and manufacturing. These factors have ensured high quality and reasonable prices for its cargo containers to be competitive with manufacturers from China, the world’s leading container producer.

Related News
Read More >>
China's primary aluminum imports decline, exports surge in May China's primary aluminum imports decline, exports surge in May
Jun .26.2025
China's primary aluminum imports decline, exports surge in May
Taiwan's Yusco expects environmental issues to drive stainless steel demand Taiwan's Yusco expects environmental issues to drive stainless steel demand
Jun .26.2025
Taiwan's Yusco expects environmental issues to drive stainless steel demand
LME nickel returns to $15,000 level on expected Fed interest rate cut LME nickel returns to $15,000 level on expected Fed interest rate cut
Jun .26.2025
LME nickel returns to $15,000 level on expected Fed interest rate cut
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode
Jun .26.2025
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode