HÀ NỘI — Nam Kim Steel Joint Stock Company has approved a report on the pre-feasibility study, conducted for setting up a steel sheet factory in the southern province of Bà Rịa-Vũng Tàu. As per the plan, the plant will require an investment capital of VNĐ2.2 trillion (US$97 million) and have the capacity to produce 800,000 tonnes per year. The factory will produce galvanised steel sheets, galvanised aluminium sheets, zinc-coated aluminium-coated sheets, zinc-coated sheets, steel pipes, steel boxes, sections and products from steel coil, cold-rolled steel, galvanised steel, black steel tape and galvanised steel tape. In the first six months of 2017, Nam Kim Steel posted an output of 380,000 tonnes, a year-on-year increase of 7 per cent. Specifically, its output of iron and steel products went up by 21 per cent compared to the same period last year.

Source: Viet Nam News August 18, 2017 09:55 UTC