Covering 12.4 hectares of land, the plant is an investment by Vietnamese steel producer Hoa Sen Group at the total cost of VND2 trillion (US$89 million).Expected to commence operations in June, 2017, the plant will supply 180,000 tonnes of galvanised steel sheet and zinc-aluminium alloys, 90,000 tonnes of colour-coated steel sheet and 200,000 tonnes of cold rolled steel to the market.
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| Steel production in Hoa Sen Binh Dinh plant at Nhon Hoa industrial zone (Photo: baodautu.vn) |
In addition, the plant will help diversify industrial products in the province while creating jobs for about 400 local labourers.At the ground-breaking ceremony, Chairman of the provincial People’s Committee Ho Quoc Dung highlighted that in the past few years, the province has enhanced its promotional activities and attracted a line-up of investment projects in tourism, trade and services.Hoa Sen Nhon Hoi steel sheet plant, a large-scale industrial production project in the locality, will give momentum to other industrial investment projects landing in the province, he added.