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Hoa Sen Group to bring : hot dip galvanised steel pipes to Vient Nam market- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
4/19/2018 管材展-鋼管展-steel tube expo-tube &pipe expo |
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Viet Nam News reported that steel maker Hoa Sen Group would unveil a new product this month: hot dip galvanised steel pipes. The new product will be produced at its Phú M? Industrial Zone plant, which has a modern production line imported from Italy. The line has a capacity of 85,000 tonnes per year, and the new product is appropriate for coastal areas, which are hot and humid. The total output would be consumed domestically.
Hot dip galvanised steel pipes are highly corrosion resistant and their uses include in firefighting systems, gas pipes, and others.
Hoa Sen reported that In the 2016-17 fiscal year it sold nearly 1.56 million tonnes of steel, an increase of 25 per cent from the previous year.
Net revenues for the year were over VN? 26 trillion (USD 1.1 billion), a 46% increase.
Despite the high prices of raw materials, HSG posted a profit of VN? 1.33 trillion (USD 57 million), or 81 per cent of the target.
This year it targets sales of 1.8 million tonnes and net profit of VN? 1.35 trillion (USD 59 million) on revenues of VN? 30 trillion (USD 1.3 billion).
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