Hoa Sen Group commenced the second phase of Hoa Sen Nhon Hoi Factory, located in Nhon Hoi Economic Zone in the central province of Binh Dinh’s Quy Nhon City on Sunday.

The Hoa Sen Nhon Hoi Factory is the group’s 11th plant and largest one in the central region, which was built on an area of 21.3ha with a total investment of VND2 trillion.

The second phase of the plant includes five production lines, namely, a galvanising line with a capacity of 250,000 tonnes per year; a cold rolling line, having a capacity of 350,000 tonnes per year; a pickling line with 800,000 tonnes per year; colour-coated line with 150,000 tonnes per year; and an acid recycling line of 5,000 litres per hour.

It is expected that the second phase will be completed by the end of 2018, which will create jobs for 1,000 workers.

On the same day, Hoa Sen Group also inaugurated the first phase of the factory, which has been completed with three main lines — galvanising line with a capacity of 180,000 tonnes per year, colour-coating line with a capacity of 45,000 tonnes per year, and a slitting line with a designed capacity of 100,000 tonnes per year.

Hoa Sen Group Chairman Le Phuoc Vu said that Hoa Sen Nhon Hoi would meet the needs of the central and central highlands provinces, as well as export to Laos, Cambodia, Thailand, Europe and America.

Chairman of Binh Dinh People’s Committee Ho Quoc Dung highly appreciated the process and the investment efficiency of Hoa Sen Group in the province. This is the third project of this group in Binh Dinh.

Dung said he hoped the province would receive more investment from the group in the future.

The continuous expansion of the Hoa Sen Group’s recent production system has enabled its products to be available in more than 70 countries and territories.

In the fiscal year 2016-2017, Hoa Sen sold more than 1.66 million tonnes of products, of which 587,000 tonnes were exported, up 28 per cent over the previous year.

The total turnover was VND26 trillion, of which the export revenue was over $420 million.

For the 2017-2018 fiscal year, Hoa Sen is focussing on developing potential export markets, such as Europe, America and India. — VNS