Largest steel complex breaks ground

06/03/2008 -- 10:05 PM

Thanh Hoa (VNA)- Ground was broken to mark the beginning of construction of the Nghi Son steel complex in northern Thanh Hoa province on March 6. 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 1.5 trillion VND 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 6.5 trillion VND investment 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.-Enditem
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