# Hoa Phat to add $130M, 500K-ton wire rod line at Dung Quat 2 steel complex

Hoa Phat Group will invest an additional VND 3.4 trillion ($129.7 million) to expand its Dung Quat 2 iron and steel production complex in Quang Ngai, Vietnam, adding 500,000 tons per year of high-quality wire rod capacity, bringing total capacity to 6.1 million tons per year. The wire rod expansion is scheduled for completion in Q2 2028.

- Type: Expansion
- Announced: 2025-08-07
- Where: Dung Quat Economic Zone, Quang Ngai province, Vietnam
- Value: $129.7M
- Jobs: 486
- Starts operating: Q2 2028
- Status: announced
- Capacity: 500,000 tons per year of wire rod; total 6.1 million tons per year
- Products: hot rolled coil steel, high-quality wire rod
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hoa Phat Group](https://endata.com/companies/25782.md)

## Sources

- [theinvestor.vn](https://theinvestor.vn/steel-major-hoa-phat-to-pour-extra-130-mln-into-central-vietnam-plant-d16586.html), 2025-08-07: "The additional capital will raise the total investment for the project... to VND88.4 trillion ($3.37 billion), according to a decision approved by local authorities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.