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Vietnamese Hoa Sen Group values its steel business- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
12/11/2018 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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Recently Hoa Sen Group''s investments were not as expected, and planned to withdraw the environmental plan in Yên Bái province and the tourism plan in Bình Định province, also sell real estate located in Ho Chi Minh City, in order to solve the group''s financial problems.
Besides, Hoa Sen Group also reduced its inventory to save interest costs, and reorganized distribution system and suspended branches establishment to minimize other related expenses.
The group started to streamline human resources with ERP system and reduce personnel costs. Since the end of this June, its debt has been lowered to 12.7 trillion dong, a decrease of 3.1 trillion dong.
In 2017-2018, the group produced around 1.8 million tons of steel with revenue of 34 trillion dong, up by 13% and 32% year-on-year respectively, with a profit after tax of 410 billion.
金属板材展-线材展-金属加工展-2019第二十届广州国际金属板材展—全球三大金属展之一巨浪展览
-- The 20th China (Guangzhou) Int’l Plate
metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
Plate metal exhibition, Plate metal
expo,2019 Plate metal exhibition,2019 Plate metal expo, Bar exhibition, Bar
expo,2019 Bar exhibition,2019 Bar expo, China Bar exhibition, China Bar expo,
wire exhibition, wire expo,2019 wire exhibition,2019 wire expo, Metal
Processing exhibition, Metal Processing expo,2019 Metal Processing
exhibition,2019 Metal Processing expo, China Metal Processing exhibition, China
Metal Processing expo.
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