On August 15, 2023 in Hanoi, Chairman of the Board of Directors of Hoa Phat Group, Mr. Tran Dinh Long had a meeting with Mr. Purwono Widodo, President of ASEAN Steel Association cum President of PT Krakatau Steel, the largest state-owned steel enterprise in Indonesia.

Chairman of the Board of Management of Hoa Phat Group, Mr. Tran Dinh Long welcomed the working visit of Mr. Purwono Widodo, President of PT Krakatau Steel Group

The meeting with the senior leaders of Krakatau Steel were also attended by Mr. Nguyen Viet Thang - General Director of Hoa Phat Group and the Board of Directors of Hoa Phat Dung Quat Steel Joint Stock Company.

The two sides exchanged and shared information on the Southeast Asian steel market, the potential for development in the steel sector in Vietnam and Indonesia; investment steel technologies and projects have been implemented.

Mr. Purwono Widodo said that Indonesia has a low per capita steel consumption, so there is a lot of potential for the development of the steel industry in this nation of ten thousand islands.

Hoa Phat's Chairman of the Board of Management, Mr. Tran Dinh Long sent his thank to Krakatau Steel's leaders for the sharings, and suggested some cooperation between the two parties in the future to exploit each other's potentials and strengths. Leaders of the two groups also affirmed that they will study the proposals at the meeting more deeply in order to move towards specific cooperation in the future.

Krakatau Steel's delegation visited and learned about the modern technology of Hoa Phat Dung Quat Iron and Steel Complex

Earlier, the delegation of Krakatau Steel had a visit to learn about the modern technology of Hoa Phat Dung Quat Steel Integrated Complex in central Quang Ngai province. Mr. Nguyen Quang Tung - Deputy Director of Hoa Phat Dung Quat Steel Joint Stock Company introduced an overview of the complex, emphasizing that the hot rolled coil (HRC) chain is the biggest highlight. Currently, Hoa Phat is the only Vietnamese steel company that can invest in producing this product.

"The working visit with Hoa Phat Group and Hoa Phat Dung Quat Steel Joint Stock Company is a good opportunity for the two sides' long-term cooperation. I have witnessed the scale of your production with my own eyes, it is really impressive," said Mr. Purwono Widodo.

The delegation visited Hoa Phat Dung Quat's port

Since 2022, Hoa Phat has developed the Hoa Phat Dung Quat 2 Steel Integrated Complex project with a capacity of 5.6 million tons of HRC per year, bringing the group's total crude steel capacity to over 14 million tons a year since 2025, of which the annual HRC alone is 8.6 million tons.

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Hoa Phat Group JSC published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 09:38:02 UTC.