VICASA to build new plant in Nhon Trach IP

04:07, 22/07/2011

(ĐN) – Bien Hoa Steel Joint Stock Company (VICASA) recently signed a Memorandum of Understanding (MoU) in Bien Hoa city with Thao Dien Real Estate Joint Stock to lease 26 hectares of land in Nhon Trach II industrial park (IP) to build the new plant.

(ĐN) – Bien Hoa Steel Joint Stock Company (VICASA) recently signed a Memorandum of Understanding (MoU) in Bien Hoa city with Thao Dien Real Estate Joint Stock to lease 26 hectares of land in Nhon Trach II industrial park (IP) to build the new plant.

 

Lãnh đạo VICASA và Công ty CP địa ốc Thảo Điền ký Bản ghi nhớ tại bổi lễ
Leaders of Vicasa and Thao Dien Real Estate J.S at the signing ceremony

 

Speaking at the signing ceremony, CEO of Vicasa Le Van Cam said that the company has decided to move its existing plant located in Bien Hoa 1 IP to Nhon Trach II IP in Nhon Trach district, Dong Nai province. This decision has been made in order to implement the requirements of the provincial authorities on removing the existing plants from Bien Hoa 1 IP and converting this IP into a residential and commercial urban zone.

Vicasa plans to start construction of its new plant later this year.

Bien Hoa 1 IP was built in 1963 on an area of 323 hectares. At the moment, there are still 96 enterprises operating at this industrial park and most of the enterprises are using backward production technologies, so they are polluting the Dong Nai River.

As know, Vicasa as a private company was constructed in May 1967, located at Bien Hoa 1 IP and it was officially put into operation in 1969.  In 1975, Vicasa became a state-owned company. Vicasa’s name has undergone many changes over the years and it was restructured to become a Joint Stock Company in 2007. The company has undergone many innovations and improvements and it has become situated among the leading steel producers in the country.

Reported by H.V