Illustrative photo (Photo: cafef.vn)Ba Ria-Vung Tau (VNA) - Nam Kim Steel Joint Stock Company has approved areport on the pre-feasibility study, conducted for setting up a steel sheetfactory in the southern province of Ba Ria-Vung Tau.
As per the plan, the plant will require an investment capital of 2.2 trillionVND (97 million USD) and have the capacity of 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, steelboxes, sections and products from steel coil, cold-rolled steel, galvanisedsteel, black steel tape and galvanised steel tape.
Nam Kim Steel JSC’s board of directors (BOD) has authorised Ho Minh Quang, Chairmanof the Board of Directors, to determine a location in the southern province forthe project, based on the scale of production and business activities, and tosign land lease contracts and contracts related to infrastructure investment.
In the first six months of 2017, Nam Kim Steel posted an output of 380,000tonnes, a year-on-year increase of 7 percent. Specifically, its output of ironand steel products went up by 21 percent compared to the same period last year.
The firm’s turnover touched 5.5 trillion VND, up 38 percent, while its after-taxprofit was 350 billion VND, up 14 percent year on year and accounting for 58.3 percentof its target for the entire year.-VNA
As per the plan, the plant will require an investment capital of 2.2 trillionVND (97 million USD) and have the capacity of 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, steelboxes, sections and products from steel coil, cold-rolled steel, galvanisedsteel, black steel tape and galvanised steel tape.
Nam Kim Steel JSC’s board of directors (BOD) has authorised Ho Minh Quang, Chairmanof the Board of Directors, to determine a location in the southern province forthe project, based on the scale of production and business activities, and tosign land lease contracts and contracts related to infrastructure investment.
In the first six months of 2017, Nam Kim Steel posted an output of 380,000tonnes, a year-on-year increase of 7 percent. Specifically, its output of ironand steel products went up by 21 percent compared to the same period last year.
The firm’s turnover touched 5.5 trillion VND, up 38 percent, while its after-taxprofit was 350 billion VND, up 14 percent year on year and accounting for 58.3 percentof its target for the entire year.-VNA
VNA
