Hoà Phát Dung Quất Port
Recently, according to an announcement from Hoa Phat Group (stock code: HPG), the company will invite and organize visits for more than 800 investors to Hoa Phat – Dung Quat steel complex. This number is 3 times higher than the initial estimate.
In addition, the number of registered participants is also double the number of shareholders attending the 2022 Annual General Meeting (418 people) and one and a half times the 2023 Annual General Meeting (508 people).
A large amount of work is being done to ensure safety as well as meticulous post-preparation work over 3 days. Hoa Phat is designing the program for investors to visit the most important points and gain the deepest understanding of the Hoa Phat – Dung Quat steel complex, witnessing the company’s investment achievements firsthand.
In the Hoa Phat – Dung Quat Investor Visit program, in addition to Q&A sessions with the corporation’s leaders, investors will take a tour of the project in a car, passing through the main points in the closed steel production cycle such as the Blast Furnace Plant, HRC Steel Production Plant, High Furnace Area, Coke Making Plant, and the Port.
Investors will witness the completed Dung Quat 1 and the partially completed Dung Quat 2, where machinery and equipment are being urgently installed in preparation for operation at the end of 2024 and the beginning of 2025.
Investors will also have the opportunity to take photos with the largest steel complex in Southeast Asia. Some notable check-in points include the QSP plant with the only hot-rolled coil line owned by a Vietnamese Enterprise, and the 2nd largest specialized deep-water port in Vietnam with vessels capable of carrying loads up to 200,000 tons. From the high office point, investors will have a panoramic view of the entire project construction site.
Lastly, there will be a direct Q&A session with the Group’s Leadership Board, including the CEO, CFO, the Dung Quat CEO, and the Technical Staff of Hoa Phat – Dung Quat.
In addition to the mentioned activities, participating investors will be provided with transportation from Da Nang/Chu Lai airports to Hoa Phat – Dung Quat Steel Complex at fixed hours, as well as 1 night’s stay at The Harmonia Hotel. Hoa Phat invites these groups of guests to have lunch at The Harmonia Hotel on the day of the program.
Hoa Phat Dung Quat Steel Complex has a designed capacity of 6 million tons/year, with a total investment of about VND 86,000 billion, including 3 million tons of construction steel, high-quality hot-rolled coil steel, and 3 million tons of hot-rolled coil steel per year. Dung Quat 1 project has been fully completed in Q1/2021.
Currently, Hoa Phat is implementing the Hoa Phat Dung Quat Steel Complex 2 project (adjacent to the Dung Quat 1 project) with a scale of over 280 hectares, total invested capital of VND 85,000 billion. The total designed capacity of this project is 5.6 million tons of hot-rolled coil steel per year. According to the plan, the Dung Quat 2 project will be completed in Q1/2025. By the end of 2023, the project had completed 45% of the construction progress.
