Hoa Phat Group investing $1.53 bln in expanding capacity to become Vietnam's top HRC producer

Hoa Phat Group is planning to raise its total steel capacity to 14 million tonnes per year and become Vietnam's leading HRC producer through the development of its Dung Quat 2 integrated steel complex, the company said this week.

The $1.53 billion investment in the plant, arranged with eight Vietnamese banks, will increase its HRC capacity to 5.6 million tpy on completion in 2025.  The facility currently produces 5 million tpy...


Paul Lim

March 25, 2022

09:01 GMT