Steel production (Source: VNA)Hanoi (VNA) – The Hoa Phat Dung Quat Steel JSC has announced that itwill apply SAP S/4HANA, a next-generation enterprise resource planning (ERP)software, for its iron and steel production complex.
The project will be carried out in the next 10 months. Oncethe project is completed, the company will have an administration system thatmeets international standards and helps it analyse business data in real-timeand helps the company’s leaders to quickly make decisions so as to improve thecompany’s competitiveness.
The Hoa Phat Dung Quat Steel JSC is the first one in the HoaPhat Group to apply SAP S/4HANA.
The process of the Hoa Phat Dung Quat iron and steelproduction complex project is on schedule with the first line expected to beoperational in the third quarter of this year, meeting demands of the centraland southern regions.
According to Hoa Phat Group, other items are projected to becompleted from the fourth quarter of this year to 2019. It aims to put bothphases of the project into a trial run in late 2019.
By the end of the first quarter of 2018, Hoa Phat Groupreported revenue of 13 trillion VND (572 million USD), and a post-tax profit of2.2 trillion VND (96.8 million USD), up 25 percent and 14 percent year-on-year,respectively. The steel sector remained the driver of Hoa Phat during thereviewed period, the group said.-VNA
VNA
