Ton Dong A to build second steel sheet mill

November 07, 2013 | 09:58

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HCMC – Ton Dong A Corporation told reporters in HCMC on Tuesday it would develop a second steel sheet mill with an annual capacity of 800,000 tons in the southern province of Binh Duong.

Representatives of Ton Dong A Corporation introduce a second steel sheet plant project at a news briefi ng in HCMC on Tuesday - Photo: Quyen Nguyen

Covering over 12 hectares at Dong An 2 Industrial Park, the US$150 million project will be developed in two phases and equipped with production lines imported from Europe and Japan.

The project’s first phase, which will need an investment of US$70 million, will be up and running in next year’s second quarter with total output of around 400,000 tons.

The capacity would be doubled to 800,000 tons in the second phase, which is scheduled for completion in 2016-2017.

After the new facility comes into operation, the firm’s revenues are expected to be around VND6-6.5 trillion next year with exports estimated at around US$100 million.

SGT

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