On May 29, 2025, Hoa Phat Group entered into a contract with SMS Group for technology supply to produce railway rails at a capacity of 700,000 tons per year. The production line is expected to be completed in 20 months, with the first products scheduled for the first quarter of 2027. This makes Hoa Phat the only company in Southeast Asia capable of producing high-speed railway rails, utilizing the most advanced European technology. The line includes state-of-the-art equipment such as bloom and beam blank furnaces, roughing mills, laser scanning systems, and non-destructive testing technologies. The products will serve key railway projects and be exported. With high-quality iron ore, Hoa Phat ensures that the rails meet strict international standards. The group aims to enhance high-quality steel production, supporting domestic high-speed rail and reducing reliance on imports. SMS Group, with over 150 years of experience, has provided technology to many global partners. Chairman Long emphasized their commitment to participating in the North-South high-speed railway project.
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