Updated  
May, 09 2012 10:14:00

Major new steel plant begins production

HA NOI — Thanh Hoa Steel and Iron Joint Stock Co has produced its first products at its steelworks in the central province of Thanh Hoa. Commenced in 2005, the VND352 billion (US$16.7 million) facility has a designed capacity of 120,000 tonnes per year. Thanh Hoa Steel general director Vu Tien Dung said over VND1 trillion ($47 million) was spent on technology and equipment alone. Once fully operational, the plant will produce over 50,000 tonnes of iron bar per year.-VNS

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