Thai Nguyen Ferrous Metallurgy Joint Stock Company (Vietnam)

The subject has a long-time foundation and development in the field of mining iron ores and manufacturing cast iron, iron and steel. Its first factory is located at Chi Son Hamlet, Nam Hoa Commune, Dong Hy District, Thai Nguyen Province, Vietnam. In the period of 2017 - 2019, the subject invested to build a blast furnace steel factory and a sintering line, and at the same time improved the iron smelting line to synchronize production with a capacity of 30,000 tons of pig iron and 100,000 tons of steel per year. The subject mostly supplies its products to THAI NGUYEN IRON AND STEEL JOINT STOCK CORPORATION and domestic steel companies such as Hoa Phat, Viet Duc, etc.According to sharing from the subject's administrative manager, its operation has been slowed down in the first months of this year due to difficulties in the steel market. The purchasing ability is weak while steel prices plunged. The subject's production activities are moderate, and workers are currently working in rotation.