Work starts on US$7.5 million factory in Vung Ang EZ
10:14 | 30/03/2018 Local Industry
The construction of a 170.8 billion VND (US$7.5 million) factory manufacturing mechanical products, machinery and spare parts started at Phu Vinh industrial park inside Vung Ang economic zone in Ky Anh town, the central province of Ha Tinh on March 23.
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| At the ground-breaking of the factory - Source: baohatinh.vn |
Covering 25,880 square meters, the factory is designed to produce 1,800 steel mills and rollers each year, along with 100 products of conveyer belt rollers, 500 tonnes of wear-resistant plates, and 800 tonnes of mechanic products per year.
The factory will cooperate with Formosa Ha Tinh to create a production chain in steel industry. This is the 2nd project built in Phu Vinh after the park completed its infrastructure system.
Currently, the park is hosting four FDI projects with total investment of over US$23.3 million, mostly in steel industry and mechanics.
Theo VNA
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