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Viet Nam news

HÀ NỘI — Hòa Phát group has decided to invest VNĐ1 trillion (US$ million) in constructing a top quality publish-tensioning metal manufacturing facility, Vũ Thị Ánh Tuyết, deputy director of Hòa Phát equipment and accessory enterprise confined, observed.

The plant is located in Dung Quất economic Zone within the crucial province of Quảng Ngãi and may be the primary incredible metal factory in Việt Nam.

it's constructed to exchange metal imports and add price to its closed production model of the Hòa Phát Dung Quất iron and metal production complex.

The undertaking has a capacity of 160,000 tonnes per year, together with three high-end products -- notebook bar, laptop Strand and computer Wire. These products are utilized in large-scale infrastructure initiatives that require high know-how, high load capacity and defense, such as towers, viaducts, move-sea bridges, excessive structures and cables. in addition, these items help optimise space and fabric charges, shortening the time of construction work.

The post-tensioning plant is found appropriate subsequent to the advanced, leading to significant mark downs in transportation expenses and stock, as well as meeting the creation schedule and offering the items directly. thus, the effective region will reduce the charge of products and raise competitiveness in comparison with imported goods.

The mission will make use of alternatives to upgrade the price chain of Hòa Phát’s steel items. With a modern and synchronous production line from Europe, Hòa Phát publish-tensioning metal factory has talents to meet the demand of connected products, ensuring the very best quality.

in line with Tuyết, Việt Nam imports a hundred per cent of submit-tensioned metal items from China, Thailand, Indonesia, Republic of Korea and Japan, with annual output of over 70,000 tonnes of notebook Bar and computer Strand steel to construct infrastructure within the country. in the first nine months of 2017, this determine expanded to eighty five,000 tonnes, an increase of 21 per cent over the whole previous year.

Hòa Phát submit-tensioning metal manufacturing facility is anticipated to fulfill a hundred per cent of the demand for building of domestic infrastructure tasks, aiding the country in actively investing in development, reducing dependence on the external market, restricting the bleeding of foreign currency and presenting the market with items of high excellent and stability.

The plant is scheduled to be applied within twelve months from the starting of 2018, correct after being allocated land, and officially launched in early 2019. — VNS


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