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SMC provide 40,000 tons of steel for many types of large
posted date: 16/07/2009 08:16 am

The management of SMC Trading Investment Joint Stock Company

The order put in six months made for the activities of all departments SMC's really exciting. By in the economic crisis at present, is selected as the supplier of steel for large projects like this will help contribute to SMC release from scarce state orders and the opportunity to exceed business plan the year is very large. Specifically, the board of directors of SMC has committed to shareholders that profits in 2009 will increase at least 30% compared with the plan.

SMC has nearly 20 years to provide steel for many large projects, the major countries, the capital of foreign investment. The company is also a reliable partner and investors, unit construction, to produce household goods and furniture in the country. Type steel by SMC provides quite diverse, from near the steel, roll steel, angle steel, steel files, steel sheet is hot, steel pipes of all kinds, religious scroll ... color code used in civil and industrial to the roll of steel cooled, the steel roll zinc used in household goods, furniture, all kinds of special steel in industrial manufacturing, welded steel mesh.

Mr. Nguyen Ngoc Anh, Chairman of Management Earnings SMC CEO, said during the many market changes in the past, activities of the company remains relatively stable, although with decreased but not significantly . This is because SMC has good predicted market demand, market share steadily and flexible response before the different situations of the market.

The first in 2009, steel prices are quite stable and reduce the consumption falling but in 3, of consumption increases and price increases have overlooked. Compared with the steel market in the world on the Vietnam of stable consumption and quality. SMC identified in the first 6 months of this year, steel prices can not rise to sudden changes of rhythm keep normal business and to keep developing the market, so production of consumption growth is still profitable even at lower last year by improving competitiveness and no sudden price changes. Currently, the impact from the package to enable the government has made improving actively demand of steel consumption, particularly with many signs that the market construction and real estate start vibrant again. Therefore, according to Mr. Ngoc Anh, six months, the market will promise more attractive. And that is a very good opportunity for SMC because the company was prepared with care right from the market more difficult.

Back to the steel provided above, according to Mr. Ngoc Anh, are very large projects, but only a start in the cooperation of SMC and its partners. SMC is a distributor of steel that professional prestige brand was assessed over time, while its partners such as Hoang Anh Gia Lai are very interested in the investment market and real estate. And so, the future promises SMC is the largest customer and long term is very clear.

For additional service needs and welcome the development of early market opportunities, SMC recently signed lease land at the Hiep Phuoc Industrial, Vietnam, and conducting business registration established company A member SMC Hiep Phuoc . Registered capital of new company is 30 billion, but capital investment up to 60 billion. Estimated factory SMC and the steel will start operations from early 2010. Mr. Ngoc Anh, said that state guidelines are developed Hiep Phuoc Port port a large and modern in the new urban area Saigon South is a capital development. Therefore, the establishment of the company SMC Hiep Phuoc is a important steps to expand the ability to meet market demand in the coming years by SMC.




Economic Times Saigon

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