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VinMetal Partners with Primetals to Develop World-Leading Advanced Steel Production Technology

VinMetal Partners with Primetals to Develop World-Leading Advanced Steel Production Technology

From Tuổi Trẻ · (7m ago) Vietnamese Positive tone

Translated from Vietnamese, summarized and contextualized by DistantNews.

TLDR

  • VinMetal, part of Vingroup, has signed a strategic cooperation agreement with Primetals Technologies, a global leader in metallurgy.
  • The partnership aims to develop a large-scale, integrated steel production complex in Ha Tinh, Vietnam, utilizing advanced, green, and digitalized technologies.
  • This collaboration signifies VinMetal's commitment to international ESG standards and aims to elevate Vietnam's steel industry competitiveness on the global stage.

In a landmark move for Vietnam's industrial landscape, VinMetal, a prominent steel producer under the Vingroup umbrella, has forged a comprehensive strategic partnership with Primetals Technologies, a world-renowned leader in metallurgical technology. This collaboration is set to establish a state-of-the-art, integrated steel production complex in Ha Tinh province, encompassing both long and flat steel products. The facility will be built to the highest international standards, emphasizing advanced, green, and digitalized manufacturing processes.

This agreement marks a significant step for VinMetal, positioning it to create a leading steel complex in the region. More importantly, it underscores VinMetal's dedication to adhering to global Environmental, Social, and Governance (ESG) principles. By embracing cutting-edge technology and sustainable practices, the partnership aims to forge a new growth engine for Vietnam's entire steel sector, enhancing its global standing.

Hợp tác với Primetals - đối tác hàng đầu thế giới trong lĩnh vực tích hợp công nghệ luyện kim, là dấu mốc quan trọng trong chiến lược phát triển dài hạn của VinMetal. Chúng tôi hướng tới xây dựng một tổ hợp thép quy mô lớn, hiện đại, xanh và số hóa, đáp ứng các tiêu chuẩn quốc tế cao nhất, qua đó nâng cao năng lực cạnh tranh và vị thế của ngành thép Việt Nam trên bản đồ công nghiệp toàn cầu.

— Phạm Nhật Quân AnhGeneral Director of VinMetal, speaking at the signing ceremony about the strategic importance of the partnership.

Primetals Technologies will serve as the overall Technology Integrator, guiding VinMetal through every stage of the production chain, from iron and steelmaking to the final rolling of finished products. Their role will be crucial in optimizing technological solutions, coordinating between various contractors, and ensuring seamless integration across the entire complex. This approach is expected to significantly mitigate technical integration risks and accelerate project development timelines through standardized technological and financial solutions from the outset.

Beyond technology, the collaboration extends to vital areas such as human resource development, operational efficiency, maintenance, and digital transformation. Both companies are committed to long-term sustainable development and optimizing the overall operational performance of the Ha Tinh complex. VinMetal's ambition is clear: to build a world-class steel facility that not only meets but exceeds international standards, thereby boosting the competitiveness and global profile of Vietnam's steel industry.

VinMetal là đối tác sở hữu tầm nhìn dài hạn và cam kết rõ ràng đối với phát triển bền vững trong ngành luyện kim. Chúng tôi tin tưởng rằng sự cộng hưởng giữa năng lực công nghệ hàng đầu của Primetals và định hướng chiến lược của VinMetal sẽ kiến tạo nên một tổ hợp thép tiên tiến, hiệu quả và bền vững tại Việt Nam.

— Kosei TsujiExecutive Vice President of Primetals Technologies, commenting on VinMetal's vision and the expected outcome of the collaboration.
DistantNews Editorial

Originally published by Tuổi Trẻ in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.