Raising capacity
Mr. Pham Manh Hung - General Director of Nam Kim Steel JSC said that the company is planning to invest in expanding and increasing the capacity of factories to increase the scale.
Specifically, the company will continue to invest in Nam Kim Phu My Steel Plant located in Ba Ria - Vung Tau province with a total investment of VND6,900 billion, divided into two phases. Particularly, the first phase receives VND2,200 billion worth of investment capital, deployed this year.
Nam Kim 4 steel pipe factory in Long An was completed and put into production.
Also this year, the company will put into operation the remaining line of Nam Kim 3 steel sheet factory with a total capacity of 800,000 tons per year, invested more than 2,400 billion. The Nam Kim Steel Pipe Factory in Long An was completed, promising to reach a capacity of 180,000 tons per year.
This move aims to expand the market, narrow the gap with competitors and increase access to consumers. In 2018, Nam Kim Steel targets to produce one million tons, including iron and steel coated 840,000 tons, expected revenue of 17,000 billion.
Promote brand identity
Nam Kim Steel is promoting new export markets such as USA, Australia, Europe and South Africa, besides traditional markets such as Indonesia, Malaysia, Thailand, Myanmar and Philippines.
In order to increase the brand recognition for consumers, businesses promote electronic billboard advertising in some matches in the English Premier League, along with a series of major domestic programs, including the contest Miss Vietnam 2018, the television program ...
Seal of 16 years of operation
Nam Kim Steel was established in 2002, based in Binh Duong. Over the past 16 years, enterprises have made significant strides in the process of integration and sustainable development.
According to statistics of Vietnam Steel Association (VSA), steel sheet market share in Nam Kim has grown rapidly and steadily over the years, from the eighth position in 2011 with 4% market share to second place in 2013 with twelfth%. Up to now, the market share has reached 16.2%.
Nam Kim 2 plant in Binh Duong province.
In 2017, the company recorded impressive results with net sales of VND12,619 billion, up 41% y / y. After-tax profit reached VND707 billion, up 37% y / y. The company pays 50% of the dividend, 10% cash, 40% share. The indexes reached the highest level so far, marking five consecutive years of growth in scale, turnover, output and profit after tax.
The domestic sales accounted for 56% and 46% respectively. Galvanized and galvanized steel products have been exported to 56 countries and territories.
Also in the past year, the company put into operation cold-cast line capacity of 150,000 tons a year, color coating line capacity of 120,000 tons, cold rolling 200,000 tons. The 200,000 tons of galvanized steel pipe factory in Long An has been operating, bringing the total production of galvanized steel to 1.2 million tons a year.
Galvanized steel pipes are put into production in 2012 with closed production process, applying high quality NOF technology. Products often appear in the prestigious brand list.
According to Vietnam Report, Nam Kim ranks 106th in the ranking of 500 largest enterprises in Vietnam in 2017, 63 times higher than in 2016. The company ranks 41st in the list of 500 largest private enterprises Vietnam, an increase of 20 steps compared to 2016.
Representatives of the company confirmed that the company will continue to improve, diversify and improve the quality of products, towards sustainable development, gradually expanding the domestic and international market. The unit continues to promote the brand of high quality Vietnamese goods on the foreign market.
Read more about NAMKIM STEEL GROUP
Nam Anh (VNExpress)
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