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Japanese Kyoei Steel Corporation seek cooperation opportunities with Hoa Phat Group

PostDate: 10/10/2019; 3 CountView
​A source from Hoa Phat Group said that on October 8, 2019, the senior leadership team of Kyoei Steel Corporation - Japan led by Chairman Hideichiro Takashima and Mr. Hirotomi Yasuyuki - General Director, visited and worked with Hoa Phat Group. 

The two sides have exchanged and expected long-term cooperation with each other in supplying billets.

The meeting opened up many favorable cooperation opportunities between the two leading steel enterprises in Vietnam and Japan.

Hideichiro Takashima, Chairman of Kyoei Steel Group, said that Kyoei was one of the first Japanese companies to invest in Vietnam 25 years ago.

Leaders of Kyoei Group also congratulated Hoa Phat Group on successfully operating the first blast furnace in Dung Quat after less than 3 years of implementation and considered this a miracle.

With two steel production companies, Kyoei wishes to find a stable supplier of steel billets from blast furnaces for Kyoei's factories in Vietnam.

Mr. Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group, welcomed the visit of Kyoei Steel Corporation - one of the largest steel companies in Japan and introduced to partners about the capacity scale of the factories of the Group.

At the same time, Mr. Tran Dinh Long affirmed that Hoa Phat's factory could supply Kyoei factories 50,000 tons of quality steel billets a month at a competitive price, because Hoa Phat's steel billets are smelted from industrial blast furnace technology on modern European lines (Danieli).

Chairman of Hoa Phat also said that the Group's consistent policy so far is to cooperate and develop with partners in a long term, for example, Hoa Phat has cooperated with Mikasa - Japan nearly 30 years.

Besides, Hoa Phat also needs to cooperate with Kyoei in supplying scrap steel.

"Steel billets of Hoa Phat Dung Quat Complex come into the furnace after about 48 hours from Hoa Phat Dung Quat Port can enter Ba Ria - Vung Tau for Vina Kyoei Factory to run steel rolling immediately" - Chairman Tran Dinh Long pressed.

At the end of the meeting, the two sides agreed that after this visit, they will set up a working group to implement the cooperation contents between the two groups, promoting mutual development of both sides in the future.

Source from Hoa Phat Group, translated by M.H​

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