October 07, 2008

Construction starts on Nghi Son steel complex in Vietnam

VNA reported that ground was broken to mark the beginning of construction of the Nghi Son steel complex in northern Thanh Hoa province in Vietnam on March 6th 2008.

With an annual capacity of 2.25 million tonnes, the steel project is the largest of its kind in Viet Nam so far. Its 8 trillion VND investment comes from domestic sources.

The project’s first VND 1.5 trillion phase is set to end in the fourth quarter of 2009. It is expected to produce up to 750,000 tonnes of steel ingot a year.

The second phase is scheduled to start in 2010 with a VND 6.5 trillion investments to increase the factory’s annual capacity to 2.25 million tonnes of products.

The completed factory is expected to supply hot rolling steel for the construction industry and steel panels for shipbuilding.