A container ship docks at Tan Cang Cai Mep Port in Ba Ria–Vung Tau Province, southern Vietnam. Photograph by VnExpress/Dang Khoa
Steelmaker Hoa Phat Group will begin promoting containers within the last quarter of this 12 months.
It mentioned its container manufacturing plant within the Phu My II Industrial Park in Ba Ria – Vung Tau Province, was topped out in February.
It has a capability of 500,000 TEUs of containers a 12 months utilizing Hoa Phat’s personal metal.
“Delivery containers are part of Hoa Phat’s ecosystem”, Nguyen Manh Tuan, vice chairman of the corporate, advised VnExpress.
Vu Duc Sinh, head of Hoa Phat’s container manufacturing unit, mentioned the primary batch of equipment and gear for the manufacturing facility are anticipated to reach this month, and development can be utterly completed in April.
Hoa Phat started constructing the plant amid a worldwide scarcity of delivery containers as empty containers had been stranded at ports because of Covid-19 at the same time as demand for exports recovered.
The corporate needed to construct the manufacturing facility as quickly as attainable to reap the benefits of the scarcity, Sinh mentioned.
In Vietnam, Hoa Phat is the primary container producer. Tuan defined that the value of weather-resistant hot-rolled coil metal used for making containers is excessive, and would trigger losses for corporations in the event that they must import it.
“Hoa Phat can produce this sort of metal,” he mentioned.