$13.8 million steel processing facility puts into operation

(ĐN)- After 10 months of construction, Posco-VHPC Steel Processing Facility officially put into operation in Nhon Trach 5 Industrial Zone on Friday, March 21.

(ĐN)- After 10 months of construction, Posco-VHPC Steel Processing Facility officially put into operation in Nhon Trach 5 Industrial Zone on Friday, March 21. The $13.8 million steel processing facility is invested directly by South Korea’s Posco Group, the world’s third-largest steel maker. As known, the group started constructing a $500 million cold-rolled steel facility in Phu My IP, Ba Ria - Vung Tau province. With an annual production capacity of 100,000 tonnes, Posco-VHPC is expected to meet the country’s demand for steel.

Reported by K.L