Hoa Phat exports steel cords to Malaysia for first time hinh anh 1Illustrative image (Photo: VNA) 
Hanoi (VNA) – The Hoa Phat Group has exported two containers of steel cords to Malaysia for the first time after winning markets in the US, Canada, the Republic of Korea, and Laos.

Deputy Director of the Hoa Phat Equipment & Accessories Co., Ltd Vu Thi Anh Tuyet said this first batch will open up opportunities for the company to receive more orders.

Earlier, Hoa Phat mostly shipped construction steel and steel pipes to Malaysia.

Its products have been recognised by the Vietnam Certification Centre for meeting the standards of the American Society for Testing and Materials, the British Standards Institution, and the Japan Industrial Standards Committee.  

Last year, steel cord exports brought the group a revenue of over 6 million USD.

Since late 2018, Hoa Phat imported production line equipment to manufacture galvanised steel cord to double its capacity.

In September 2019, the second stage of the plant will go into operation. –VNA