26/11/2021
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Starting construction of Hoa Phat Container Factory In Phu My 2 IDICO Expansion IP

In the morning on November 25, 2021, Hoa Phat Container Manufacturing Joint Stock Company started construction of Hoa Phat Container Factory with a capacity of 500,000 TEU/year. The factory is built on an area of 25ha in Phu My 2 IDICO Expansion Industrial Park, Ba Ria - Vung Tau province.

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Starting construction of Hoa Phat Container Factory In Phu My 2 IDICO Expansion Industrial Park
in Ba Ria Vung Tau province. Image: Central

Hoa Phat's Container Factory was built to meet the urgent need for containers in the world as well as in Vietnam; contributing to reducing the shortage of containers, pushing up freight rates by many times over the past time. The product is expected to be launched in the fourth quarter of 2022.

Raw materials for container production are HRC steel, special grade SPA-H, natural resistance, weather resistance and produced at Hoa Phat Dung Quat Iron and Steel Production Complex. The construction of the container factory aims to create value-added products in Hoa Phat's iron and steel production ecosystem.

Before, it has had container manufacturing enterprise, but due to objective conditions, so it was reduced scaled production. The rest are mainly repair and renovation businesses.

With a large production scale and proactive source of raw materials from hoa Phat Dung Quat iron and steel factory, so the price of products when put on the market can completely compete   with Chinese goods.

Beside the container factory project on the site of 25ha land, in Phu My 2 IDICO expansion Industrial Park, Hoa Phat Group has also cooperated to lease an additional 14ha of IDICO's land to implement the Auxiliary Components Project for the Container Production Project and the Refrigeration Project to expand the electricity market,  Household electricity, a core field of Hoa Phat Group has developed very well in recent years.