The HS Hyosung Quang Nam factory.
PV GAS CNG has recently completed a gas station and officially started supplying LNG to HS Hyosung in Quang Nam province.
HS Hyosung, formerly known as Hyosung Group, is one of the top 30 largest conglomerates in South Korea with a diverse range of businesses, particularly excelling in the production of high-tech materials such as technical yarns, tire cords, and carbon fibers.
HS Hyosung began investing in Quang Nam province in 2018, establishing its first project, a fabric mesh factory, in Tam Thang Industrial Park. The company now operates two projects with a total area of nearly 40 hectares and an investment scale of 452 million USD.
HS Hyosung plans to expand its existing investments while promoting new projects, bringing the total investment scale in Quang Nam province to 1.34 billion USD.
As part of its sustainable development strategy, HS Hyosung Quang Nam has decided to use LNG to reduce operating costs, increase profit margins, and minimize COâ‚‚ emissions.
As a subsidiary of PV GAS, PV GAS CNG is a pioneer in supplying natural gas in compressed (CNG) and liquefied (LNG) forms outside the pipeline system, with a nationwide distribution network. PV GAS CNG provides gas to over 200 enterprises.
To ensure the safe and efficient supply of LNG to the HS Hyosung industrial complex in Quang Nam, PV GAS CNG has invested in building a modern gas station that complies with international technical standards.
In the first phase, the station is designed to operate at a capacity of 3,000 Sm³ per hour. The system is equipped with large-capacity tanks, advanced regasification technology, and modern safety control equipment.
In addition to Quang Nam, HS Hyosung also invests in key projects in Dong Nai, Ba Ria-Vung Tau, and Bac Ninh provinces. As of now, Hyosung has invested approximately 4.6 billion USD in Vietnam, creating around 10,000 jobs. The group plans to invest an additional 4 billion USD in Vietnam, bringing its total investment in the country to 8 billion USD.
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