PROJECT: Hoa Phat Dung Quat Steel Production Complex
Hoa Phat Dung Quat Steel Complex Project was established in February 2017, charter capital of 10,000 billion VND and is the investor in construction and operation of Hoa Phat Iron and Steel Production Complex in Dung Quat Economic Zone, province Quang Ngai. This is an important strategic project that, once completed, will ensure Hoa Phat Group's position as the leading steel manufacturer in Southeast Asia.
Hoa Phat Dung Quat Iron and Steel Production Complex has a total investment capital of 52,000 billion VND, designed with a capacity of 4 million tons a year, the main products are construction steel, high quality rolled steel and steel products. Flat products are hot rolled steel coils. Hoa Phat applies closed blast furnace technology similar to the model successfully deployed in Hai Duong province, but is superior, with more modern equipment imported from the world's leading manufacturers. This is an advanced, modern, environmentally friendly technology that produces coke using dry coke stamping technology, completely recovering heat and exhaust gases, and making full use of by-products to generate electricity and serve electricity. production again. All production water sources are also used recirculated, not discharged into the environment.
Hoa Phat Dung Quat Iron and Steel Complex will include a deep-water seaport system that allows ships of over 100,000 tons to dock, easily transporting input materials and output products to domestic and foreign markets.
Hoa Phat Dung Quat Iron and Steel Complex Project has been approved by the Prime Minister for investment policy in document No. 152/TTg-CN, dated January 25, 2017 and awarded an investment certificate by Quang Ngai province. February 6, 2017.
The project is divided into two phases. Phase 1 was implemented in 24 months from February 2017, with a capacity of 2 million tons/year of long steel, including 1 million tons of long construction steel and 1 million tons of high quality long steel.
Phase 2 of the project to produce 2 million tons per year of hot-rolled flat steel for mechanical engineering was implemented in August 2017. It is expected that the entire project will be completed and put into production by the end of 2019.