Thạch Khê Steel Complex obtains US $5 bil. investment
VGP – The Việt Nam Steel Corporation (VNSteel), Việt Nam Cement Industry Corporation, and India’s Tata Steel inked a joint-stock contract on building a steel complex in Thạch Khê, central Hà Tĩnh Province. With an investment of around US $5 billion, it is expected to generate yearly 4.5 million tons of steel.
|
|
|
The singing event of Thạch Khê Steel Complex - Photo: VGP |
This major steel project will be built in three stages. Accordingly, a factory will be built during 2008-2010, producing 200,000 tons of cold-rolled steel; a 2.4-million-ton capacity steel complex inaugurated in 2011-2013; and another 2.2 million-ton steel complex completed by 2015.
The General Director of VNSteel disclosed that once coming into operation, the Thạch Khê Steel Complex will meet around 30% of the domestic demand for steel.
Using new technologies from Tata Steel, the Complex will produce high-quality corrugated iron sheet, zinc, flat steel billets and slabs to make cars, computer cases, and fridges.
Tata Steel's General Director Muthuraman also uncovered that out of 15% of the project’s investment was poured in environment friendly equipment. The complex is expected to recruit over 20,000 employees.
By Hương Giang
