09:49 | 05/11/2015 Industry
The Cao Bang Cast Iron and Steel Complex in northern mountainous Cao Bang province officially went into service on October 13.
The complex produces its first batch of steel billet on October 13 (Image credit: NDO/Phong Chuong)
The 80ha complex located at Chu Chinh commune, Hoa An district is one of the largest investment projects in the province with capital of over VND1.9 trillion (US$85.5 million).
Construction of the facility started in October 2012, invested in by Vietnam National Coal Mineral Industries Group (Vinacomin).
It consists of four main factories, including a factory producing sintered ore, an iron metallurgy mill, a steel metallurgy mill and an oxygen factory, using cutting edge technologies to reach a capacity of 220,000 tonnes of steel billet a year.
The complex uses locally sourced materials from Na Rua iron mine 7km from its factories and other mines located in the province to produce billets from iron ore.
According to director of the Cao Bang Cast Iron & Steel JSC Nong Minh Huyen, the facility helps create over 1,500 jobs for local workers and another 15,000 related employments. The project is expected to help promote development of the local industry sector and facilitate national defence and security in the mountainous northern border areas./.