15:33 | 02/07/2018 Companies
The Hoa Phat Dung Quat Steel JSC has announced that it will apply SAP S/4HANA, a next-generation enterprise resource planning (ERP) software, for its iron and steel production complex.
|Steel production - Source: VNA|
The project will be carried out in the next 10 months. Once the project is completed, the company will have an administration system that meets international standards and helps it analyse business data in real-time and helps the company’s leaders to quickly make decisions so as to improve the company’s competitiveness.
The Hoa Phat Dung Quat Steel JSC is the first one in the Hoa Phat Group to apply SAP S/4HANA.
The process of the Hoa Phat Dung Quat iron and steel production complex project is on schedule with the first line expected to be operational in the third quarter of this year, meeting demands of the central and southern regions.
According to Hoa Phat Group, other items are projected to be completed from the fourth quarter of this year to 2019. It aims to put both phases of the project into a trial run in late 2019.
By the end of the first quarter of 2018, Hoa Phat Group reported revenue of 13 trillion VND (US$572 million), and a post-tax profit of 2.2 trillion VND (US$96.8 million), up 25 percent and 14 percent year-on-year, respectively. The steel sector remained the driver of Hoa Phat during the reviewed period, the group said.