Hòa Phát (company)
| Hòa Phát | |
|---|---|
| legal form | Công ty cổ phần ( public limited company ) |
| founding | 1992 |
| Seat | Hanoi |
| management |
Trần Đình Long (Chairman of the Board of Management) , Trần Tuấn Dương (General Director of the Board of Directors ) |
| Number of employees | 19,828 |
| sales | 56,580 billion VND |
| Branch | Steel industry, etc. |
| Website | www.hoaphat.com.vn |
| As of December 31, 2018 | |
The Hòa-Phát-Gruppe Aktiengesellschaft (Vietnamese Công ty cổ phần Tập đoàn Hòa Phát , English Hoa Phat Group Joint Stock Company ) is a Vietnamese conglomerate with a focus on steel production and processing. The listed group of companies, headquartered in Hanoi, is one of the largest private companies and the largest steel manufacturer in the country.
history
Hòa Phát was founded by Trần Đình Long after the economic liberalization of Vietnam in August 1992 as a trading company for construction machinery . In the next few years, the production and trading of furniture (1995), steel pipes (1996), crude steel (2000), refrigerators (2001) and real estate (2001) followed as new business areas .
In 2007 the group was restructured into a group of companies with a holding company. Since November 2007 the Hòa-Phát group has been listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker symbol HPG .
The steel mill built in 2000/01 in the H Provinzng Yên province was followed by a second in the Hải Dương province in 2007 and a third in Dung Quất ( Quảng Ngãi province ) in 2017 . In 2009 the mining company An Thong Mineral Investment was also taken over. In 2016, the production of galvanized steel sheets started .
In 2015, Hòa Phát started producing feed for the agricultural sector, opening up a new business area. A year later followed the entry into the mass livestock farming (cattle, pigs, poultry) and the trade in Australian cattle.
Company data
Hòa Phát is divided into five business areas with a total of eleven subsidiaries:
- Iron and steel production:
- To Thong Mineral Investment
- Hoa Phat Hai Duong Steel
- Hoa Phat Dung Quat Steel
- Hoa Phat Hung Yen Steel
- Steel pipes and sheets:
- Hoa Phat Steel Pipe
- Hoa Phat Steel Sheet
- Industrial equipment, furniture and refrigeration equipment:
- Hoa Phat Equipment & Accessories
- Hoa Phat Furniture
- Hoa Phat Refrigeration Engineering
- Real estate and infrastructure:
- Hoa Phat Urban Development and Construction
- Agriculture (meat and fodder):
- Hoa Phat Agriculture Development
The group of companies is the market leader in the fields of structural steel and steel tubes in Vietnam (with a market share of around 25% each). 2.4 million tons of steel were produced in 2018. Iron and steel production accounts for around 80% of total sales. In addition, Hòa Phát is also the market leader in Vietnam in the area of office furniture .
The turnover increased from 33,885 billion Dong in 2016 to 56,580 billion Dong in 2018. Overall, the Group employs about 20,000 people (end 2018).
Measured in terms of market capitalization , Hòa Phát is the third-largest listed company in the country after Vingroup and Vinamilk , roughly on a par with the Masan Group . The founder and chairman Trần Đình Long owns around 25 percent of the shares in the group and is by far the largest shareholder.
marketing
Hòa Phát was the main sponsor and namesake of the Hòa Phát Hà Nội football club, which existed from 2003 to 2011 .
Individual evidence
- ↑ a b c d HOA PHAT Annual Report 2018
- ↑ cf. about FTSE Vietnam Index (as of end of 2019)