Hoa Sen exports 50,000 tons of corrugated iron to Europe and America

In late May and the first half of June 2020, Hoa Sen Group exported 50,000 tons of galvanized iron sheet, including 35,000 tons to Europe and 15,000 tons to the Americas from Nghi Son International Port, Thanh Hoa province and Port. Thi Vai International, Ba Ria – Vung Tau Province.

Hoa Sen exports 50,000 tons of corrugated iron to Europe and America

Hoa Sen Steel Sheet Plant in Nghe An Province. Photo: hoasengroup.vn

Hoa Sen Group (Code: HSG) said that up to now, this is the largest consignment of Hoa Sen Group exported to the European market.

Over the years, exports have been an important consumption channel of Hoa Sen. In the three months of 3-4-52020 is also the peak period of the COVID-19 pandemic outbreak worldwide, Hoa Sen’s export output to Europe and America markets increased 127% over the same period. Last year, the European market alone increased by 318% over the same period.

In February this year, Hoa Sen also exported 10,000 tons of galvanized steel sheet worth 7.5 million USD to Europe. In the 2018-2019 fiscal year, Hoa Sen consumed domestic 914,020 tons, accounting for 66% of the total output of the group. Export channel reached 479,953 tons, accounting for 34%.

Hoa Sen exports 50,000-ton shipments to the US and Europe. Photo: hoasengroup.vn.

According to a report of Vietnam Steel Association (VSA), in May 2020, sales of metal-plated corrugated iron and colored paint of VSA members reached 305,275 tons, particularly exports reached 89,574 tons, of which production output Hoa Sen galvanized steel sheet is 44,417 tons, leading and accounting for nearly 50% of the whole galvanized steel export.

Hoa Sen Group said its export volume in June 2020 increased slightly compared to May, reaching 46,000 tons.

Recently, Hoa Sen Group announced its business results in May 2020 with revenue of 2,471 billion dong, after tax profit of 112 billion dong. In the first 8 months of the fiscal year 2019-2020, Hoa Sen achieved revenue of VND 17,068 billion, profit after tax of VND 584 billion, respectively completing 61% of the revenue plan and 146% of the annual profit plan. .

Recently, Hoa Sen announced its plan to hold an extraordinary general meeting of shareholders on August 8, 2020 to discuss the issuance of shares to strategic partners.

Source: vietnambiz.vn

Recommended Content
» Vietnam eyes exports of seven million tons of rice this year
Vietnam, the world's third largest rice exporter, is likely to ship seven million tons this year, the government says....

See more: Vietnam eyes exports of seven million tons of rice this year

» Thirty tons of mangoes exported to US, Canada and Australia
The northern mountainous province of Son La’s Mai Son district People’s Committee on June 22nd worked with the provincial Trade Promotion Center to organize a ceremony to export the first 30 tons of...

See more: Thirty tons of mangoes exported to US, Canada and Australia

» First batch of litchi exported to Japan
The first ton of fresh litchi from the northern province of Bac Giang was exported to Japan by air, Tran Quang Tan, Director of the provincial Department of Industry and Trade, said on June 19th....

See more: First batch of litchi exported to Japan

» Vietnam’s H1 coffee exports increase 3.7%, rice up 5.6%
HANOI — Vietnam’s coffee exports in the first half of this year are expected to have increased 3.7% from a year earlier to 955,000 metric tons, and rice exports are seen up 5.6%, government data...

See more: Vietnam’s H1 coffee exports increase 3.7%, rice up 5.6%

» Over the first 2 tons of litchi arrive in Japan
Customs procedures have been completed at the Narita Airport (Japan) for the first batch of litchi exported to Japan. The fruits are waiting for distribution on the supermarket system, the Plant...

See more: Over the first 2 tons of litchi arrive in Japan

» Vietnamese lychee “sold out” in Japan
A batch of more than two tons of Vietnamese fresh lychee exported to Japan was sold out on the first day at supermarkets on June 21st....

See more: Vietnamese lychee “sold out” in Japan

» Vietnamese goods appeal to CPTPP market
In the first quarter this year, Vietnam reported trade surpluses in half of the CPTPP member markets, including trade surplus to Canada of USD807.3 million; to Mexico USD670 million; to Chile...

See more: Vietnamese goods appeal to CPTPP market

» Vietnamese goods stay attractive to CPTPP market
After more than 1 year of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in the first quarter of 2020, Vietnam's trade surplus to these markets has...

See more: Vietnamese goods stay attractive to CPTPP market

  • Comment
  • Latest
  • Read