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Hot-rolled coil steel produced by Hoa Phat: Credit: Hoa Phat Group
South-east Asia’s largest steelmaker, Vietnam’s Hoa Phat Group, is moving into container manufacturing.
It sees potential synergies with its core steel production business.
Hoa Phat began building its factory, Hoa Phat Container Manufacturing, in Vung Tau province in December and it is expected to be up and running towards the end of this year, with an annual output of 500,000 teu, all using steel produced in-house.
Hoa Phat’s diversification follows the strong demand for container shipping that precipitated an equipment shortage, and coincides ...
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