Illustrative image (Source: VNA)Hanoi (VNA) – Vietnam’s leading steel maker – Hoa Phat Group – and KyoeiSteel Group of Japan shared the wish for long-term cooperation in steel billetand scrap steel supply.
Hoa Phat said Kyoei Steel Chairman Hideichiro Takashima and General DirectorHirotomi Yasuyuki had paid a working visit to the group, which has opened upmany cooperation opportunities for the bilateral collaboration.
According to Takashima, Kyoei Steel Vietnam Co., Ltd (KSVC) in Vietnam’snorthern province of Ninh Binh purchased about 5,000 tonnes of steel billetsproduced by Hoa Phat each month. The volume is expected to multiply in the timeahead.
Kyoei was one of the first Japanese investors in Vietnam 25 years ago, with theestablishment of the Vina Kyoei Steel joint venture in the southern province ofBa Ria-Vung Tau in January 1994.
Kyoei wants to seek a stable supply of steel billets for its subsidiaries inVietnam, comprising Vina Kyoei and the KSVC which was set up in September 2011,he said.
Chairmanof the Hoa Phat Group Tran Dinh Long emphasised his firm’s consistent policy oflong-term cooperation with partners, adding that Hoa Phat wants to cooperatewith Kyoei in scrap steel supply.
The two sides agreed to set up a working group following the visit to implementtheir cooperation contents, thus helping to promote the development of bothgroups in the future./.
VNA
