Hoa Phat Equipment and Accessories Company – 26 years of being pioneer in supplying high quality products to the market

On August 22, 2018, Hoa Phat Equipment and Accessories Co., Ltd celebrated its 26th anniversary with many outstanding achievements. Being the pioneer in the equipment production of stone crushing and screening, cage hoists, tower cranes in Vietnam in the past few years, its products of scaffolding, steel formwork, mixers, concrete batching plants have been given priorities from customers. In addition to promote traditional products, Hoa Phat Equipment and Accessories Company has also marked with high quality products that replace imported goods.

Pioneer in making high-quality steel

At the end of 2017, the company completed and put into operation of phase 1 -  the galvanized wire steel drawing factory in Pho Noi A Industrial Park, Hung Yen Province, contributing to realizing the goal of completely replacing imported steel wire. The project has a total investment of more than VND100 billion with the most advanced and synchronous technology line.

 Hoa Phat's drawn steel wire has been sold in the domestic market and exported to Laos, Souh Korea and Cambodia

The phase 1 of Hoa Phat steel drawing factory has a total capacity of up to 3,000 - 4,000 tonnes a month, equivalent to about 40,000 tonnes a year. The factory has 9 steel drawing lines, one galvanizing line, a steel wire softening furnace system. Its products include galvanized steel wire and low carbon black steel wire. Hoa Phat Group has a great advantage as it is fully active in wire rod steel materials for drawing with low carbon steel grades, the factory would provide the best quality steel wire products for construction projects, fences manufacturers, nets B30, nets B40, barbed wire, welded mesh and gabions for both local and export markets.

Hoa Phat Equipment and Accessories Company will invest in phase 2 with an equivalent capacity in 2018. Accordingly, each phase will bring a revenue of VND500-600 billion a year for the company when they come into stable operation.

Also this year, the company will build a flange manufacturing plant for prestressed concrete piles in southern province of Binh Duong.

Exploring the untapped prestressed steel market

The company is accelerating another project of Vietnam's first high-quality prestressed steel factory in Dung Quat Economic Zone, southern Quang Ngai Province in 2018. With a total investment of more than VND1 trillion, the project has a capacity of 160,000 tonnes a year, including three high-class product lines: pre-stressed steel bar (PC bar), pre-stressed steel cable (PC Strand) and prestressed steel wire (PC Wire). These products are used in large-scale infrastructure construction projects that require high technology, load capacity, and high safety such as towers, viaducts, oversea bridges, high-rise buildings, cables. It would also help optimize space as well as material costs and shorten construction time.

Prestressed steel cable – one of three high quality steel products of Hoa Phat Equipment and Accessories Company Ltd

Prestressed steel is a very potential steel product. But it is left open as there is no factory in the country. Hoa Phat Group’s prestressed steel plant will meet 100 per cent of the demand for construction of infrastructure projects in the country, contributing to help Vietnam be more active in investment and development, providing the market with high quality and stable products.

In May 2018, Hoa Phat Equipment and Accessories Co., Ltd. and the Vietnam Pile Business Association signed a long-term strategic cooperation contract to purchase 100,000 tonnes a year of pre-stressed steel bars, flanges produced by Hoa Phat Group, equivalent to about VND2 trillion a year.

Ms. Vu Thi Anh Tuyet – Deputy Director of Hoa Phat Equipment and Accessories Co., Ltd shared: “With a series of key projects implemented and put into operation in 2018, creating momentum for Hoa Phat Equipment and Accessories Company to grow strongly this year and in the following years. In 2018, the company aims to achieve a revenue growth rate of 80 per cent.”

Hong Hanh