An official of Zamil Steel pre-engineered steel buildings manufacturer has committed to long-term investment in Viet Nam, that, he said has great potential of becoming one of the world’s biggest steel producers.
An official of Zamil Steel pre-engineered steel buildings manufacturer has committed to long-term investment in Viet Nam, that, he said has great potential of becoming one of the world’s biggest steel producers.
At a meeting held by the International Economic and Cultural Exchange Club recently, Zamil Steel Viet Nam General Director George E. Kobrossy once again praised that
"It is the Vietnamese government’s policies to promote exports that encourages us to invest into the country,” the General Director said.
In his opinion, the country’s fast economic growth has brought about high demand for steel with an average yearly increase of 40 percent, which provides a bright future for steel producers.
Established in 1997, Zamil Steel Viet Nam is a joint venture between the
The company’s yearly revenue increased from 12 million USD in 1999 to 50 million USD in 2005.
Zamil Steel is building its second plant in southern Dong Nai province’s Amata industrial zone. The new factory, capable of turning out 5,000 tonnes of products per month, will be ready for production by the end of 2007.
(Source: VNA)
