December 02, 2008

Thai Nguyen Iron Steel Company expanded

VNA reported that the second phase of a project to expand the Thai Nguyen Iron Steel Company kicked off in Thai Nguyen province on September 29th 2007.

The expansion, one of seven major projects of the Vietnamese steel industry in the 2007-2015 period aims to increase the company’s ingot production capacity to 500,000 tonnes per year. The project will cost a total of close to VND 4,000 billion (USD242.6 million) to be sourced from the Thai Nguyen Iron Steel Company’s own capital and foreign loans.

The project is expected to last for 30 months.