On May 20th 2011, Tenova Group officially opened its Representative Office in Ho Chi Minh City with an inauguration ceremony held at the Legend Hotel

The ceremony was attended by more than a hundred delegates representing different Vietnamese steel companies as well as officials of the steel industry in Vietnam. A large delegation of Tenova officers lead by Mr Mauro Bianchi Ferri VP of Tenova Metal Making and by Mr Giuliano Fanutti chief representative officer did the honors of the event.

The inauguration was done in the presence of the Italian Ambassador Mr Lorenzo Angeloni, who welcomed the establishment of the Tenova Representative Office into the Italian business community of Vietnam.

Mr Tam secretary general of Vietnam Steel Association highlighted the strategical role of Tenova in the growing steel industry in Vietnam. Appreciation of Tenova technologies was expressed by Mr Thai president of Thep Viet and Pomina Group that have selected Tenova for the supply of equipment in their two steel factories. The more recent Pomina project will be the largest steel plant in Vietnam with production of 1 million tonnes of steel per year.

Addressing those gathered, Mr Mauro Bianchi Ferri highlighted the mission of Tenova to deliver exceptional value to their Customers by developing environmentally friendly technologies and improving the energy efficiency of their equipment. Several projects by Tenova are being implemented in the areas of steelmaking, reheating furnaces, cold rolling mill processing lines and roll grinders recognizing the Vietnam steel industry committed to value added solutions. Finally he reaffirmed the commitment of Tenova to the growing market in Vietnam and in the surrounding ASEAN countries.