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.
|
|
| 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
Lastest news
- Threading together sustainable development of traditional embroidery
- Dai Bai bronze casting village boosts mechanization
- Nghe An Province promotes rural industrial products
- Bac Giang needs more open policies to develop industrial clusters
- Thanh Hoa effectively implements industry promotion projects
- Dong Nai prioritizes investment attraction in support industries
- Over 100 rural industrial products honored
- Craft villages found to be major polluters
- Hanoi to have 100 key industrial products
- Bat Trang pottery: Industry 4.0 takes 700-year history into the future
More news
- Tra Vinh Province crafts solutions for artisan villages
- HCM City: Key industries’ growth slows down
- Binh Duong, a highlight of industry promotion
- Bac Giang implements industrial promotion schemes
- The greening of Vietnamese handicraft
- Kien Giang industry promotion attracts reciprocal capital
- Lao Cai IPs in great need of infrastructure investors
- Ha Tinh industrial enterprises apply modern technologies in production
- Industry promotion is Ha Giang’s cup of tea
- Bac Ninh industry promotion focuses on business development
