70 million USD steel ingot project licensed in Hai Phong

19/02/2008 -- 9:13 PM

Hai Phong (VNA) – Australia’s Vietnam Industrial Investment Ltd on February 19 got an investment license to build a 70 million USD steel ingot plant in the northern port city of Hai Phong . The plant, capable of producing 500,000 tonnes of product a year, will use European technology, which is environmental friendly. After two years of construction, the plant will provide materials for two local steel plants of the Vietnam Industrial Investment Ltd. Since 1994, Vietnam Industrial Investment Ltd has invested about 80 million USD in Viet Nam . Its five steel and metal making projects are operating effectively.-Enditem
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