Photo: VNGOP |
The factory is designed to reach an initial capacity of 1.2 million tons. There are three options for the site of the factory. However, the exact capacity and site will be fixed in the feasible study report completed by TATA in July 2008.
Under the memorandum of understanding, TATA is expected to contribute 65 percent (maximum) of the capital, and VNSTEEL 35 percent (minimum).
Earlier, the two partners had signed an agreement for a metallurgy complex in central Hà Tĩnh Province, which will churn out 4.5 million ton of products per year.
By Nguyên Hồ