Hòa Phát ties with Italian group on steel

February 05, 2018 - 09:00

Hòa Phát Dung Quất Steel JSC of Hòa Phát Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production, the Vietnam News Agency reported.

Viet Nam News

QUẢNG NGÃI - Hòa Phát Dung Quất Steel JSC of Hòa Phát Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production, the Vietnam News Agency reported.

According to Deputy Director of the Hòa Phát Dung Quất Steel JSC, Vương Ngọc Linh, the project is designed with a capacity of 600,000 tonnes per year, which could be increased to one million tonnes per annum, and will be the first modern stainless steel manufacturing plant in Việt Nam.

The plant will be located at the Hòa Phát Dung Quất iron and steel production complex area in Dung Quất Economic Zone in central Quảng Ngãi province to make use of the available infrastructure.

The project, which will be completed by 2020, aims to increase the value chain of steel products, and reduce imports and dependence on foreign markets.

Preliminary statistics showed that Việt Nam imported about 560,000 tonnes of stainless steel products in 2017, up 10 percent against the previous year, in service of industrial production, mechanics, and consumer products.-VNS

Tags Vietnam Vietnam News news

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

bizhub

Maersk opens its first bonded warehouse in Việt Nam

More on this story

bizhub

Ford unveils new EcoSport

Ford Vietnam unveiled the new EcoSport on Thursday saying it is a key product marking its 20th year in the country.

bizhub

Saigon Co.op opens 3rd Co.opmart in Đồng Tháp

Saigon Co.op, the owner of the Co.opmart supermarket chain, on February 2 opened Co.opmart Hồng Ngự at the KII building in Hồng Ngự town in Đồng Tháp Province, its third store in the province.

bizhub

Cooking oil firm lends helping hand to underprivileged

Tường An Vegetable Oil Company gave gifts totally worth VNĐ270 million (US$11,800) for the Lunar New Year to over 2,200 disadvantaged families in HCM City’s Cần Giờ District last week.

bizhub

Jetstar Pacific introduces 30 check-in kiosks at airport

Việt Nam’s budget carrier Jetstar Pacific introduced automatic check-in kiosks at TânSơnNhất International Airport in HCM City on Thursday.

bizhub

Airbus A350-1000 begins demonstration tour, to land in Hà Nội

MSN065, one of three Airbus A350-1000 test aircraft, will arrive in Hà Nội on February 2 as part of a three-week demonstration tour to the Middle East and Asia-Pacific.

bizhub

Sacombank, UnionPay ink deal for QR code payment

Sacombank and UnionPay International have signed a deal for world-wide QR code payment on Sacombank UnionPay credit cards.

bizhub

Hòa Phát eyes VNĐ100 trillion revenue by 2020

Hòa Phát Group (HPG) said it expected to earn more than VNĐ100 trillion (US$4.4 billion) in revenue by 2020, the year Hòa Phát Dung Quất iron and steel production complex would become fully operational.

bizhub

Thành Phố Tết makes Tết shopping cheaper

Google, Publicis One and Tiki, major players in the technology, communication and e-commerce industries, have joined hands to launch a unique online shopping concept called Thành Phố Tết 2018 (thanhphotet.vn).

bizhub

Vietjet’s IPO wins ‘Best Việt Nam Deal’ award

Vietjet Aviation Joint Stock Company has received the “Best Việt Nam Deal” award from Asia’s leading publication, Finance Asia, for its IPO held in early 2017.