Source: Steelguru- 11 Aug 2007
It is reported that the Ho Chi Minh City based Thep Viet Joint Stock Company put into action a 500,000 tonne steel ingot plant in the southern province of Ba Ria Vung Tau on August 8th 2007.
The first batch of 60 tonnes of steel ingots was produced under Europe's advanced Consteel technology lauded as both economical and environmental friendly.
The plant is one of the company's four investment projects with a combined investment capital of USD 300 million covering a total area of 55 ha in the Phu My 1 Industrial Zone. The three others include an electrode melted steel ingot plant with a capacity of 600,000 tonne per year, a 500,000 tonne plant to produce steel ingots and a 500,000 tonne steel rolling mill.