Inox Hoa Binh delegation acknowledged technology transfer in America

Inox Hoa Binh delegation acknowledged technology transfer in America

Created Date: 4/21/2011

Inox HoaBinh delegation had a working visit to America to acknowledge the wide strip fined rolling technology transfer from TENOVA - I2S Corporation, Connecticut State on February 27th, 2011. The delegation at this time with 10 staffs who are qualified, high capacity, are selected by the Company’s trust in the purpose that more than half of a month of studying direct experience, accessing to technology, the delegation will acknowledge and understand thoroughly the wide strip fine rolling technology for applying in the domestic production and trading. The appointment of the delegation to America to learn and acknowledge the technology transfer is a huge investment in strategic scale of Inox Hoa Binh during production and business development with the goal to be a great brand of products that can compete sustainably on the domestic and international market. Inox Hoa Binh is the first enterprise in Vietnam and Southeast Asia investing the wide stainless steel mill, replacing imported products and bringing Vietnam to be the 40th country in the world that owns and uses this advanced technology. It is estimated that when it comes into operation, each stainless steel 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 gradually proves their position in the domestic stainless steel market by supplying diversified products meeting requirements of ASTM of America and JIS of Japan.