10/07/2019 09:02:01

Hoa Phat Steel Pipe maintains the No. 1 position

(Construction) - Continuously from 2000 up to now, Hoa Phat Steel Pipe has always been stable in the No. 1 market share in the domestic market. 2019 also marked an important development step of Hoa Phat Steel Pipe Co., Ltd. when it reached over 30% market share for the first time.

Accumulated in the first half of 2019, Hoa Phat Steel Pipe sold 363,200 tons of steel pipes, up 15.6% compared to the same period last year.

Business results of Hoa Phat Steel Pipe have grown steadily over the years, continuously breaking their records when sales volume in the following year is higher than the previous year. In February 2019, Hoa Phat's market share in the steel pipe industry rose for the first time to over 30%. This result continues to be maintained so far.

The Southern region has been a market that Hoa Phat has paid special attention to and has many business achievements. Ending the first half of the year, Hoa Phat sold 115,500 tons of products here, an increase of 14% over the same period last year.

Not only overwhelming in the domestic market, Hoa Phat Steel Pipe Co., Ltd. also continuously promoted export activities. Particularly in June 2019, the Company exported 2,150 tons of all kinds of products, increasing by 2 times compared to the previous month and growing by 26.5% compared to 2018.

In addition to traditional markets such as North America and Southeast Asia, in recent months, Hoa Phat Steel Pipe Company has expanded many new export markets, including the first signed orders. with Indian and Latin American partners.

In addition to expanding the market, Hoa Phat Steel Pipe is constantly improving and diversifying products. In 2019, the Company invested in Zone E project - installation of a large-scale đại325 pipe production line worth USD 4 million for all main equipment and auxiliary machinery at Hoa Phat Hung Yen Steel Pipe Factory. This is the first and only large steel pipe production project in the Northern region, contributing to affirming Vietnam's No. 1 position of Hoa Phat Steel Pipe in the market.





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