Friday, November 24 2017

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Hòa Phát to cooperate with Italy firm

Update: October, 02/2017 - 16:40
Representatives of Hòa Phát-Dung Quất Steel JSC (left) and Danieli Company (right) sign the contract on providing thin slab caster and hot-rolled mill. — Photo hoaphat.com.vn
Viet Nam News

HÀ NỘI — Hòa Phát-Dung Quất Steel Joint Stock Company and Italy’s metal plants supplier Danieli Company last week signed a contract to provide thin slab caster and hot-rolled mill.

The products will be supplied to the Hòa Phát Dung Quất iron and steel production complex in Quảng Ngãi Province.

Under the contract, Danieli will be responsible for supplying to the Quality Strip Production (QSP) line and Compact Endless Cast and Rolling Mill complex, consisting of two casting machines, two tunnel furnaces and one lamination mill. 

The plant is expected to reach an output of 3.5 million tonnes of steel per year and can be expanded to four million tonnes per year for the second phase.

Steel products will include hot rolled steel coil, low carbon steel, high strength low alloy steel and medium carbon, high strength medium alloy steel. They are used for producing special steel pipes, roofing and other special products. Currently, these products are being completely imported.

Trần Đình Long, chairman of Hòa Phát Group, emphasised that the categories of thin slab caster and hot-rolled mill were most important for the Hòa Phát Dung Quất iron and steel production complex.

At present, no Vietnamese enterprise produces hot rolled coils, thus, Hòa Phát would be the first firm in Việt Nam to manufacture this type of product, Long added.

Danieli’s representative Giacomo Mareschi Danieli committed that the project will be implemented quickly, contributing to the overall success of the complex, and insisted it would be Danieli’s most important project to date.

Danieli is one of the world’s top manufacturers of plants and machines for the steel-making industry. The company has supplied a wide range of steel production equipment to Hòa Phát since 2000.

The Hòa Phát Dung Quất iron and steel production complex has capacity of four million tonnes per year. 

Currently, Hòa Phát is deploying the first phase of the project in 21 months from February 2017, with capacity of two million tonnes per annum, producing long construction steel and high quality steel coils.

The second phase of the project to produce two million tonnes of hot rolled steel per annum for mechanical engineering was deployed in August 2017.

It is expected that the entire project will be completed by the end of 2019. — VNS

 

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