Posco breaks ground on $130m steel mill

02:12, 14/12/2010

(ĐN)- The Posco VST Co. Ltd, a subsidiary of South Korea-based Posco group, held a ground-breaking ceremony on Monday for its new stainless steel cold rolling mill in Dong Nai provinces Nhon Trach 1 Industrial Park.

(ĐN)- The Posco VST Co. Ltd, a subsidiary of South Korea-based Posco group, held a ground-breaking ceremony on Monday for its new stainless steel cold rolling mill in Dong Nai provinces Nhon Trach 1 Industrial Park.

The US$130 million mill, the largest of its kind to date in Viet Nam, is scheduled to be put into operation after one year of construction.

 

The mill will have a capacity of 150,000 tonnes per year and will employ 400 labourers.

 

Cold-rolled steel is used to make different types of roofing and steel sheets used in construction, industry, and mechanical engineering.

 

Products will be provided for local demand and exported to Southeast Asian, European and American markets.

Reported by M.H