About Hoa Sen Yen Bai Building Materials One Member Limited Liabilities Company:
Hoa Sen Yen Bai Building Materials One Member Limited Liabilities Company, which is one of the member companies of Hoa Sen Group Joint Stock Company, was established on January 06th, 2017. Its head office and plant are located at Group 48, Dong Tam Ward, Yen Bai City, Yen Bai Province. In the current year, the Company specializes in manufacturing steel products used for construction and consumption.
On March 01st, 2007, the groundbreaking ceremony of Hoa Sen Yen Bai Steel Pipe Plant in Tran Yen district, Yen Bai Province (intersection IC12) was held by the Company at the said location with the participation of representatives of Vietnam Steel Association, leaders of Provincial Party Committee, People's Council, People's Committee and departments of Yen Bai Province; credit institutions; close customers of Hoa Sen Group. In addition, this groundbreaking ceremony was attracted the attendance and follow-up of more than 600 people in Minh Quan and Bao Hung Communes.
This is the fifth plant of Hoa Sen Group in the North and one of the 11 key plants of the Group in the whole country. During the construction on 20 hectares of land, it is expected to be divided into three phases starting from 2017 and completed in 2021 with estimated investment of VND 1,050 billion, producing two main product groups are Steel Sheets and Steel Pipe.
The Plant is considered one of the key projects in Hoa Sen Group's expansion plan. The construction of this Plant will contribute to the improvement in production capacity and the ability of Hoa Sen Group to supply steel sheet and steel products, especially to meet Northern market demand
In addition to satisfying domestic market, this Plant after being completed and put into operation will make significant contributions to the local budget and solve employment problems for about 400 laborers, as well as contributing to socio-economic life improvments of Yen Bai Province.