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Cast iron, steel plant opens in Tuyen Quang

Update: January, 15/2014 - 08:00

VNA/VNS Photo

TUYEN QUANG (VNS) — A cast iron and steel plant, built with Chinese investment and having a capital of US$50 million, opened in the northern mountainous province of Tuyen Quang on Monday.

Covering 20ha in Long Binh An Industrial Zone, the plant is expected to produce 200,000 tonnes of cast iron per year in its first phase.

The plant is expected to contribute VND1.5 trillion (US$70.5 million) to the province's industrial production value and over VND100 billion to the State budget every year, while providing 700 jobs. — VNS



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