16:43 | 10/11/2015 Industry
The Dong An Steel Joint Stock Company put the first phase of a factory manufacturing high-quality coated steel sheets into operation at the Dong An II Industrial Zone in Thu Dau Mot city, Binh Duong province on November 5.
At the inaugural ceremony (Credit: baobinhduong.vn)
Work on the US$150 million factory started in 2014 on an area of 12.58 hectares, with the first phase having a designed capacity of producing 400,000 tonnes of products per year.
The factory, the second one of its kind in Binh Duong, has been fitted with the most advanced technological lines from Europe and Japan.
At the inaugural ceremony, the Dong A Steel JSC also announced and kick started construction over the second phase of the factory with a total capital of VND1.7 trillion (US$76.5 million).
The whole project is scheduled to be put into operation in 2016-2017, increasing the factory’s capacity to 800,000 tonnes of products per year.
According to Nguyen Thanh Trung, General Director of the Dong A Steel JSC, the factory will contribute to meeting the persified requirements of the domestic market as well as for exports, with its state-of-the-art products, thereby satisfying the demands of consumers and contributing to the development of Vietnam’s coated steel sheet industry.
Trung also noted that his company will achieve an estimated revenue of VND450 trillion in 2015./.