Inox Hoa Binh cooperates with the largest steel corporation

Inox Hoa Binh cooperates with the largest steel corporation

Created Date: 4/21/2011

In the early 2011, Inox Hoa Binh built up cooperation with Taiwan China Steel Corporation - Top 30 of the largest steel corporations with revenue of 10 billion USD/year and Tangeng Corporation with revenue of 1 billion USD/year.  The establishment of partnerships with the leading corporations such as Taiwan-China Steel and Tangeng has showed a strong development strategy, the ambition and determination of the company to expand its coverage during opening and developing production and trading as well as trade mark affirmation. Inox Hoa Binh is a trademark that has been proven by prestige and quality in the domestic stainless steel market. In recent years, the company has invested to build the stainless steel mill Phase 3 with total investment of nearly VND 800 billion to reach a capacity of approximately 100,000 tonnes/year. It is the project following the first cold rolled stainless steel line invested in 2004 and Phase 2 in 2005 with objectives to provide a variety of stainless steel products serving different needs of the domestic market and toward markets in the region. This is the first wide cold rolled stainless steel mill project in Vietnam and Southeast Asia with the most advanced technology such as: mechanical equipment of SENZIMIR design copyright manufactured in the UK, control and automation technology provided from the leading U.S. companies... Inox Hoa Binh is also the first enterprise in Vietnam and Southeast Asia investing wide stainless steel mill, replacing imported products and bringing Vietnam to be the 40th country in the world which owns and uses this advanced technology. When it comes into operation, each year the three stainless steels mill will supply 134,000 tonnes, reducing trade deficit, saving 90 million USD/year for the Socialist Republic of Vietnam, while exporting surplus products to other countries, collecting foreign currencies to the Country and creating jobs for more than 2000 workers. For more than 20 years of operation, Inox Hoa Binh day by day proves its position in the domestic stainless steel market by supplying diversified products, meeting requirements of ASTM of America and JIS of Japan. Products of the Company have high quality and are issued ASTM A554, ASTM A312 conformity quality certificate. Cold-rolled pipes and coils have been being exported to markets of many countries such as: Korea, Thailand, Indonesia, Taiwan, Pakistan, Turkey, America …