On April 10, 2025, Hoa Phat Group, Vietnam's leading steel producer, signed a contract with Primetals Technologies to supply a state-of-the-art steel casting and rolling line with an annual capacity of 500,000 tons.
Key Highlights:
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Production Timeline: The rolling line is expected to begin operations in Q3 2026, with the casting line following in Q4 2026.
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Product Range: The new line will enable Hoa Phat to produce high-quality steel products, including:Hoaphat
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Tire cords and bead wiresPrimetals Technologies+4Primetals Technologies+4Primetals Technologies+4
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Crane cables and precision screwsHoaphat
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Rail steel and beam blanks for structural applicationsHoaphat
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Cold-formed and prestressed steel
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Strategic Goals: This investment aligns with Hoa Phat's objective to reduce reliance on imported high-grade steel and to supply critical infrastructure projects, such as railways and defense, both domestically and internationally.Hoaphat
Chairman Tran Dinh Long stated that the group is committed to producing high-quality steel to meet the demands of national projects and export markets. Hoaphat
Primetals Technologies, a subsidiary of Mitsubishi Heavy Industries, will provide design, supply, and installation services for the project, ensuring the highest standards of quality and efficiency.
This collaboration marks a significant step in Hoa Phat's journey to become a leading producer of high-quality steel in the region.
Vietnam Steel by Hoa Sen Group
