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VietNamNews

Hoa Sen builds Nghe An steel sheet factory

Update: October, 07/2014 - 08:50
Steel sheet is produced at Hoa Sen Group. The company is building a $109.52 million factory in central Nghe An Province. — Photo hoasengroup.vn
NGHE AN  (VNS) — The Hoa Sen Group began the construction of a steel sheet factory worth more than VND2.3 trillion, or US$109.52 million, in this central province last Saturday.

The facility, spread over an area of 12 ha in the Nam Cam Industrial Zone in Nghi Loc District, is expected to be completed in August 2018, and will create jobs for about 500 workers when it becomes operational.

The company said that the factory will help increase its production capacity to meet the demand for steel products in the northern and central provinces, and increase its exports to Laos, Thailand and Myanmar.

The Hoa Sen Group is based in the southern province of Binh Duong. Last year, the company maintained its number one position in manufacturing and trading in steel sheets in Viet Nam, commanding 40 per cent of the domestic market, according to the Viet Nam Steel Association. — VNS


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