STEEL 568 COMPANY LIMITED

STEEL 568 COMPANY LIMITED (CÔNG TY TNHH KẾT CẤU THÉP 568) is a limited liability company (LLC)registered under tax code 0900273306. With nearly two decades of experience, the company specializes in manufacturing structural steel, stainless steel pipes, and other high-quality metal products. Headquartered in Hung Yen Province, with a transaction office in Hanoi, STEEL 568 COMPANY LIMITED has demonstrated remarkable growth and resilience in Vietnam’s steel industry.

Financial Strength and Business Growth

As per the latest financial data, STEEL 568 COMPANY LIMITED reported total sales of $524.83 million in 2023, reflecting an impressive 56.85% year-over-year (YoY) growth. The company’s total assets surged to $205.78 million, a 43.2% increase from the previous year. While profitability remains a challenge with a net loss of $1.45 million, the company’s owner's equity rebounded significantly by 478.23%, showcasing strong capital recovery.

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence and financial analysis, STEEL 568 COMPANY LIMITED remains an active and competitive player in the market. Its ability to scale operations and expand revenue highlights its long-term potential.

Core Business and Market Reach

The company specializes in:

• Manufacturing structural steel and metal frameworks
• Production of stainless steel pipes and other stainless steel products
• Wholesale of machinery, equipment, and supplies
• Construction installation services, including plumbing, air-conditioning, and electrical systems

With 200 employees, STEEL 568 COMPANY LIMITED plays a crucial role in Vietnam’s industrial sector. Its extensive product range serves construction, manufacturing, and infrastructure development projects.

Leadership and Ownership

The company is led by Director Pham Ngoc Lan and Deputy Director Dao Thanh Phuong. Its ownership structure is as follows:

• Pham Ngoc Lan (60%) – Majority shareholder
• Pham Van Cap (40%) – Minority shareholder

Future Outlook and Industry Standing

Despite financial challenges, STEEL 568 COMPANY LIMITED continues to expand its asset base and revenue streams. With strategic investments and growing demand for high-quality steel products, the company is well-positioned for sustained growth.

As highlighted by VBI, the company’s future success will depend on improving profitability, optimizing capital efficiency, and strengthening its market position in Vietnam’s competitive steel industry.

For investors, partners, and industry professionals looking for insights into Vietnam’s top steel manufacturers, STEEL 568 COMPANY LIMITED stands out as a company to watch in the coming years.