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Viet Nam news

HÀ NỘI — Hòa Phát community has decided to invest VNĐ1 trillion (US$ million) in building a top quality put up-tensioning metal manufacturing facility, Vũ Thị Ánh Tuyết, deputy director of Hòa Phát gadget and accent enterprise constrained, noted.

The plant is discovered in Dung Quất economic Zone in the critical province of Quảng Ngãi and should be the primary amazing steel manufacturing facility in Việt Nam.

it is built to exchange metal imports and add price to its closed creation model of the Hòa Phát Dung Quất iron and metal production advanced.

The assignment has a capacity of one hundred sixty,000 tonnes per 12 months, including three high-end items -- computer bar, pc Strand and computer Wire. These products are used in large-scale infrastructure initiatives that require excessive technology, excessive load ability and defense, equivalent to towers, viaducts, go-sea bridges, high buildings and cables. in addition, these items support optimise house and fabric prices, shortening the time of development work.

The publish-tensioning plant is determined right next to the complex, resulting in huge rate reductions in transportation prices and inventory, as well as assembly the creation time table and providing the items at once. thus, the advantageous region will lessen the charge of products and lift competitiveness compared with imported items.

The undertaking will make use of opportunities to upgrade the value chain of Hòa Phát’s steel products. With a modern and synchronous construction line from Europe, Hòa Phát put up-tensioning steel manufacturing unit has competencies to fulfill the demand of linked items, making certain the highest quality.

in line with Tuyết, Việt Nam imports one hundred per cent of put up-tensioned steel products from China, Thailand, Indonesia, Republic of Korea and Japan, with annual output of over 70,000 tonnes of pc Bar and notebook Strand metal to construct infrastructure within the nation. within the first 9 months of 2017, this determine multiplied to eighty five,000 tonnes, an increase of 21 per cent over the total previous yr.

Hòa Phát post-tensioning metal manufacturing facility is expected to satisfy a hundred per cent of the demand for construction of domestic infrastructure initiatives, aiding the nation in actively investing in development, decreasing dependence on the exterior market, proscribing the bleeding of foreign currency and presenting the market with products of high first-rate and stability.

The plant is scheduled to be applied within one year from the starting of 2018, right after being allocated land, and formally launched in early 2019. — VNS


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