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Nam Kim Steel to invest in USD 97 million in a HDG steel plant in Vietnam—The 19th China(Guangzhou)Int’l Heat Treatment, Industrial Furnace Exhibition
8/22/2017 热处理展-工业炉展-heat treatment expo-furnace expo |
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Biz Hub reported that Nam Kim Steel Joint Stock Company has approved a report on the pre feasibility study, conducted for setting up a steel sheet factory in the southern province of Ba Ria-Vung Tau. As per the plan, the plant will require an investment capital of VND 2.2 trillion (USD 97 million) and have the capacity to produce 800,000 tonnes per year.
The factory will produce galvanised steel sheets, galvanised aluminium sheets, zinc-coated aluminium-coated sheets, zinc-coated sheets, steel pipes, steel boxes, sections and products from steel coil, cold-rolled steel, galvanised steel, black steel tape and galvanised steel tape.
Nam Kim Steel JSC’s board of directors has authorised Ho Minh Quang, chairman of the BOD, to determine a location in the southern province for the project, based on the scale of production and business activities, and to sign land lease contracts and contracts related to infrastructure investment.
In the first six months of 2017, Nam Kim Steel posted an output of 380,000 tonnes, a year-on-year increase of 7%. Specifically, its output of iron and steel products went up by 21% compared to the same period last year. The firm’s turnover touched VND5.5 trillion, up 38%, while its after-tax profit was VND 350 billion, up 14% year on year and accounting for 58.3% of its target for the entire year.
热处理展-工业炉展-2018第十九届广州国际热处理、工业炉展览会-中国效果最好的热处理工业炉展--巨浪展览—The 19th
China(Guangzhou)Int’l Heat Treatment, Industrial Furnace Exhibition
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