Hoa Sen opens largest plant in central region
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.
Delegates visit a production line in the Hoa Sen Group’s Hoa Sen Nhon Hoi Factory after the inauguration ceremony (Photo: VNA)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
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
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
