Nam Kim Steel Joint Stock Company (NKG) has approved the investment policy for the Nam Kim Chu Lai Steel Pipe Factory project, with a total investment of 150 billion VND and a capacity of 150,000 tons/year, located in Tam Hiep Port Logistics Industrial Zone, Quang Nam. The project was initiated at the end of 2019 but was previously halted by the end of 2023. In 2024, Nam Kim consumed over 1 million tons of products, exceeding its target, with foreign products accounting for 65% of total sales. Pre-tax profit in 2024 reached 558 billion VND, exceeding the initial target of 420 billion VND by 33%. The plan for 2025 includes 1.05 million tons and revenue of 23 trillion VND, a 11.1% increase, while expected profit decreases by 21.1% to 440 billion VND. The company focuses on improving product quality, expanding domestic and international markets, especially in Europe and North America. In addition to the Chu Lai project, Nam Kim will also invest in constructing the Nam Kim Phu My Factory with a total investment of 4.5 trillion VND.
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