The company also gained Pressure Equipment Directive accreditation to export stainless steel pipe fittings to the UK, which gave it a further edge.

Besides the UK market, the company is also exporting stainless steel pipe fittings to Brazil, Singapore and Argentina.

It has targeted $10.5 million from stainless steel pipe fittings exports this year and plans to develop its exports to the EU and Southeast Asian markets. The company made an

IPO of 4 million shares on the HCM City Stock Exchange late last week. It expected to generate VND85.44 billion ($4.5 million), at an average price of VND21,359.

The Son Ha International Joint Stock Company has doubled its exports of stainless steel pipe fittings to the UK.

The company said 95 per cent of its exported stainless steel pipe fittings was to the UK market.
??In the first half of this year, we exported nearly 2,000 tonnes of stainless steel pipe fittings which worth VND145 billion (UK$7.6 million), 95 per cent of which was to the

UK, doubling the amount in the same period last year,?? company export department official Ta Tuan Anh said.

He said the UK Department of Commerce had imposed anti-dumping duties on steel pipes from China, the biggest supplier to the UK, which increased the tax from 3 per cent to 33

per cent, making it less competitive.