Steel major Hoa Phat to focus on core business, research high-speed train rails

Steel major Hoa Phat to focus on core business, research high-speed train rails

Vietnamese steel giant Hoa Phat Group will focus its resources on its core business in the short term to compete with imports amid intensified industry competition, said its chairman.

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

Steelmaker Nam Kim to raise $63 mln with new share issuance

Steelmaker Nam Kim to raise $63 mln with new share issuance

Nam Kim Steel Corporation has restarted a plan to raise VND1.58 trillion ($63.3 million) through fresh share issuance for investing in a steel sheet factory in Ba Ria-Vung Tau province, southern Vietnam.

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

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Vietnam’s top steel maker, Hoa Phat Group, expects to carry further forward the year-on-year progress it made in 2023 with improved sales and better prices this year.

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

Steelmaker Posco Vietnam posts $30 mln loss in 2022  

Steelmaker Posco Vietnam posts $30 mln loss in 2022  

Posco Vietnam Co., Ltd., a wholly-owned subsidiary of South Korean steelmaker Posco Holdings, recorded a net loss of KRW39.73 billion ($30.44 million) in 2022 against a net profit of KRW42.19 billion ($32.44 million) in 2021.

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