POMINA 2 STEEL CORPORATION

POMINA 2 STEEL CORPORATION is a key operating unit within Vietnam’s Pomina steel ecosystem, playing an essential role in supplying construction steel to the domestic market. Established in April 2007, the company is located at Phu My 1 Industrial Park, Ho Chi Minh City, one of the country’s most strategic industrial zones for heavy industry and logistics.

As a joint-stock company, POMINA 2 specializes in the manufacture of iron, steel, and cast iron products. The company is majority-owned by Pomina Steel Corporation, which holds 99.5% of its shares, thereby firmly positioning POMINA 2 as a core production arm within the Pomina Group. With around 350 employees and nearly two decades of operational history, the company remains active and deeply embedded in Vietnam’s construction and infrastructure supply chain.

Financially, recent years reflect the broader stress facing Vietnam’s steel sector. In 2024, POMINA 2 reported total assets of USD 134.22 million and net sales of USD 95.19 million, reflecting a modest revenue recovery compared with 2023. Losses narrowed to approximately USD 7.91 million, an improvement from previous years, suggesting some stabilization in operating performance. However, owner’s equity declined sharply to USD 4.84 million, while working capital remained significantly negative at USD -27.69 million, highlighting persistent balance-sheet pressure and reliance on external funding or group support.

These figures indicate that while POMINA 2 STEEL CORPORATION remains a crucial industrial player, it continues to operate under tight financial conditions amid volatile steel demand, intense price competition, and high capital intensity. For banks, suppliers, and investors, careful assessment of liquidity, intra-group support, and recovery prospects is essential. A comprehensive company report from VNBIS (Vanguard Business Information LLC) provides deeper insight into the company’s financial health, ownership structure, and credit risk profile, supporting more informed decision-making in Vietnam’s steel industry.