Hoa Phat invests in high-quality steel production line of Primetals Group

Hoa Phat invests in high-quality steel production line of Primetals Group - Photo 1.

Contract signing ceremony between Hoa Phat Group and Primetals Group - Photo: NGHI TRAN

On April 11, Hoa Phat Group announced that it had signed a contract to supply a high-quality steel casting and rolling line with a capacity of 500,000 tons/year with Primetals Group.

With this production line, the "king of Vietnamese steel" wants to boost the production of high-quality steel lines, such as: tire cord, bead wire, engineered steel, bearing steel, prestressed steel, etc.

According to the plan, the rolling line is expected to deliver the first products in the third quarter of 2026, and the casting line will be put into operation in the fourth quarter of 2026.

To prepare for this plan, Primetals Group will design, supply and install billet casting machines to allow Hoa Phat to produce many high-quality steel products.

In particular, this line also integrates and reserves large-size billet casting modules to produce rail steel (bloom), and beam blanks to produce shaped steel up to 800mm for the steel structure industry.

At the same time, Primetals provides Hoa Phat with high-quality wire rod rolling line equipment. The products of the line are steel for tire fabric, automobile tire bead (steel cord and beadwire), cold-formed steel, prestressed steel, non-alloy spring steel, steel for crane cables, steel for precision screws, etc.

The line is also integrated with the production of smooth round steel bars and coiled steel bars for manufacturing and processing industries; defense industry.

These are the most modern equipment lines of Primetals - a corporation owned by Mitsubishi Heavy Industries headquartered in London, UK.

Mr. Tran Dinh Long - Chairman of the Board of Directors of Hoa Phat Group - said that Hoa Phat will focus on promoting the production of high-quality steel and engineered steel to help replace high-grade steel products that are currently being imported.

Mr. Long affirmed that Hoa Phat is confident in producing steel for the railway industry, train axles, and high-speed trains according to Government orders, as well as high-quality steel for key national projects and for export to the world market.

Mr. Satoru Iijima - General Director of Primetals Group - committed to providing the best quality equipment and ensuring the proposed progress.

When this new production line is put into operation, Hoa Phat Group will own a range of high-quality steel products, leading in the region, meeting the world's most stringent standards.

Primetals Group, one of the world's leading metallurgical technology providers, supplies key project equipment imported from G7 countries, ensuring the highest standards of quality and performance.

This is also a long-term partner of Hoa Phat. Previously, the hot-rolled steel coil production line at the HRC2 Factory, Hoa Phat Dung Quat 2 project was also designed and supplied by this group.

TRAN MAI

Source: https://tuoitre.vn/hoa-phat-dau-tu-day-chuyen-thep-chat-luong-cao-cua-tap-doan-primetals-20250411112928129.htm