Investment in the powerful Vietnam steel distributor QH PLUS
In order to capture demand in the rapidly growing market for steel construction materials in Vietnam and to strengthen sales of steel materials, in Sept. 2018 steel division invested in the powerful local steel distributor QH PLUS.
Nominal steel consumption in Vietnam increased by a factor of 2.3 times over 5 years from 10 million tons in 2011 to 22.5 million tons in 2016, and is expected to continue growing 10% or more annually in the future. In order to meet this soaring demand, NST intends to further strengthen its local business activities in Vietnam and its presence in the supply chain. As a first step toward these goals, NST has formed a business alliance by investing in the powerful local steel distributor QH PLUS, creating a strategic partnership.
Centered in the southern part of Vietnam, QH PLUS is involved in a wide range of business including distribution of construction materials, manufacturing of steel frames, processing of reinforcing steel, and coil center operations. Its manufacturing and processing capacities are at the top level in Vietnam. In the future, QH PLUS plans to further expand its manufacturing and processing capacity in northern Vietnam in cooperation with NST, and further expand the scale of its business.
In the steel frames business where particularly large growth is expected, instead of simply selling steel materials, we will work to capture local demand with business operations that utilize the combined expertise of Japan and Vietnam, with high value-adding functions that deliver one-stop service from building design to material production and construction.
Company profile
| Name | QH PLUS CORPORATION |
|---|---|
| Address | 129 Dien Bien Phu Street, Ward 15, Binh Thanh District, Ho Chi Minh City |
| Business areas | Steel material distribution, manufacture of steel frames, processing of reinforcing steel, coil center |
| President | Nguyen Quang Huy |
| Capital | 202.98 billion VND |
