Nam Kim Steel builds $178 mln factory in southern Vietnam

Nam Kim Steel builds $178 mln factory in southern Vietnam

Ho Minh Quang, chairman of Nam Kim Group, says work is proceeding space on the VND4.5 trillion ($177.55 million) Phu My steel roofing factory in Ba Ria-Vung Tau province and it should become operational in Q4/2025 or Q1/2026.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nam Kim Steel profit reaches only 44.3% of 2023 target

Nam Kim Steel profit reaches only 44.3% of 2023 target

Although the business results of Nam Kim Steel, a major steelmaker in Vietnam, in 2023 were better than 2022, the company completed only 93% of its revenue plan and 44.3% of its profit target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major steel producers report mixed Q1 profit results

Major steel producers report mixed Q1 profit results

Steel producer Hoa Sen Group reported a profit increase of 7% year-on-year from January-March, while Nam Kim made a loss for the third consecutive quarter and Hoa Phat Group posted a 21-fold profit decrease.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Audit doubles major steel maker Nam Kim's loss to $5 mln in 2022

Audit doubles major steel maker Nam Kim's loss to $5 mln in 2022

Nam Kim Steel made a loss of nearly VND125 billion ($5.32 million) in 2022, two times more than previously reported.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nam Kim Steel records first loss in 10 years

Nam Kim Steel records first loss in 10 years

Nam Kim Steel, a major steelmaker in Vietnam, made a loss of VND66.7 billion ($2.84 million) in 2022, its first loss in 10 years, with net revenue reaching VND23,071 billion ($983.8 million), down 19% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7