08 11/2023

Gang Thep Engineering Joint Stock Company Achieves Nearly 89% of Annual Revenue

Precision Mechanical Manufacturing at TNGEC


Despite many challenges, Gang Thep Engineering Joint Stock Company has implemented a number of measures to reduce production costs, maintain employment, and provide stable income for workers.

As a result, in the first 9 months of 2023, the company's industrial output value reached nearly VND757 billion; it produced over 91,000 tons of steel billets and nearly 9,500 tons of rolled steel; its machined products reached over 590 tons; it sold 90,633 tons of products of all types; and its total revenue reached nearly VND1.201 trillion, which is nearly 89% of its annual target. The company also ensured stable employment for nearly 400 workers with an average monthly income of over VND10 million.

To complete the target of producing and selling 32,500 tons of products of all types in the fourth quarter of 2023, the company will continue to implement measures to reduce production costs (especially steel billets), while focusing on increasing the productivity of traditional machined products (such as Sugar cane pressing block, Transfer Ladle for Copper Mining, Slag Pot for Steel Plant, and TOSHIBA electric motor housing).


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