President Nguyen Xuan Phuc on February 16 visited and presented gifts to workers of the Binh Son Refining and Petrochemical Joint Stock Company (BSR) in the central province of Quang Ngai.
Vietnam's largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), will cooperate with Indian Oil of India to develop petrochemical refinery projects in Vietnam, India and third countries.
The central region is racing to upgrade their seaports to meet high demand on transporting goods, especially to serve container ships, reported Dau Tu (Investment) newspaper.
Vietnamese steel producer Hoa Phat Group will invest around 85 trillion VND (over 3.67 billion USD) in the construction of its Hoa Phat Dung Quat 2 iron and steel factory project, heard at the company’s annual shareholders’ meeting on April 22.
Leading steel manufacturer Hoa Phat Group sold more than 2.16 million tonnes of steel in the first quarter of this year, recording strong increases in the sales of all products in the period.
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), exceeded both of its production and financial targets in the first quarter of this year.
Binh Son Refining and Petrochemical JSC (BSR) has operated Dung Quat Oil Refinery at 108 percent of the refinery’s design capacity in a safe and stable fashion in February to meet the domestic market’s increasing demand during traditional Lunar New Year.
Vietnamese steel producer Hoa Phat Group will launch its Hoa Phat Dung Quat 2 iron and steel factory project in early 2022 with a capacity of 5 million tonnes per year, focusing on hot rolled coil (HRC) production using latest technology.
The Hoa Phat Group, Vietnam’s leading steel producer, produced more than 670,000 tonnes of crude steel in January, its highest output to date and representing an annual growth of 67 percent.
The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted over 1.25 trillion VND (54.14 million USD) in after-tax profit in the fourth quarter of 2020, up 1.08 trillion VND over the previous quarter, reflecting its better business performance.
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has set a target to earn about 864 billion VND (37.45 million USD) in after-tax profit this year.
Doosan Heavy Industries Vietnam (Doosan Vina) is projected to complete order for components of biomass power plants using the Circulating Fluidized Bed (CFB) technology to Japan’s Sodegaura Biomass Power Plant by February.
The Hoa Phat Group has reported some 700 million USD worth of imports from Australia this year, more than double the figure from last year and making the industrial manufacturer the largest Vietnamese client of the country.
A shipment of equipment has been delivered from Dung Quat Economic Zone to the Sodegaura Biomass Power Plant – the largest capacity biomass firing plant in Japan, located in Chiba.
The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC).
The Hoa Phat Dung Quat Steel Joint Stock Company shipped the first batch of S95 ground granulated blast furnace slag to Australia on September 10, where stern standards and stringent requirements are applied.
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