Deputy Director of the Hoa Phat Equipment & Accessories Co., Ltd. Vu Thi Anh Tuyet said this first batch will open up opportunities for the company to receive more orders.

Earlier, Hoa Phat mostly shipped construction steel and steel pipes to Malaysia.

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Its products have been recognized by the Vietnam Certification Center for meeting the standards of the American Society for Testing and Materials, the British Standards Institution, and the Japan Industrial Standards Committee. 

Last year, steel cord exports brought the group a revenue of over USD 6 million.

Since late 2018, Hoa Phat imported production line equipment to manufacture galvanized steel cord to double its capacity.

In September 2019, the second stage of the plant will go into operation.

Source: VNA