On November 25, Hoa Phat Group said: Currently, Hoa Phat is promoting the completion of necessary procedures to clear the land and implement projects at Hoa Tam Industrial Park, in Nam Phu Yen Economic Zone, Phu Yen province. Including the investment project to build Hoa Phat Iron and Steel Complex.

Notably, according to this group, the expected product structure of this Complex focuses on high-quality steel lines serving mechanical engineering such as rail steel, steel plates, structural steel, shaped steel, and smooth round bar steel (SBQ).

"As soon as the site is available, Hoa Phat can be ready to implement the project of producing steel rails for high-speed railways, in terms of technology, human resources and production location," Hoa Phat affirmed.

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Chairman of Hoa Phat Group Tran Dinh Long and a group of technical staff went to learn from experience at Europe's leading rail manufacturing factory - Voestalpine (Austria).

According to this group, in October and November 2024, Chairman of the Board of Directors of Hoa Phat Group Tran Dinh Long and a team of technology experts directly went to learn about the reality at many of the world's leading steel rail factories in Europe.

Hoa Phat leaders consulted on the arrangement of technological equipment lines for the factory, the way of operating and organizing production, the production technology process, and the continuous quality control process.

Specifically, from the preparation of clean raw materials produced from iron ore, vacuum refining to refine the metal to the highest purity and remove harmful gas impurities, online quality control system, UT equipment to check defects inside steel rails (Ultrasonic testing), laser geometric profile testing equipment (Hiprofile), rail straightening system, rail end tempering system in the production process of rails for high-speed railways. This helps to ensure that quality is always at the highest level.

Notably, Hoa Phat Group said it has begun negotiating, cooperating, supporting, transferring technology and techniques with partners, suppliers of steel rail production equipment for the world's leading high-speed railways, and they are all partners who have accompanied Hoa Phat for many years.

Hoa Phat Dung Quat Steel also cooperates with the School of Materials - Hanoi University of Science and Technology to continuously organize in-depth training courses on high-quality steel products with 3 main topics, focusing on special steel types and complex production techniques such as: Steel for making car tire belts/belts; electrical engineering steel (Silicon steel); steel for making rails for high-speed trains.

Previously, the leaders of Hoa Phat Group committed to providing enough quantity of 6 million tons of steel of all kinds for the project, especially high-speed rail steel and high-strength prestressed steel, ensuring international quality standards, in accordance with the technical requirements of the bid packages. The Group ensures the delivery time according to the project schedule.

Regarding price, Hoa Phat ensures competitive price, lower than imported steel price.