Posco to build another steel mill in south

Posco SS-Vina, a subsidiary of Korea-based Posco Group, has recently been granted investment licence to build another steel mill in Phu My II industrial zone, Tan Thanh dist in the southern province of Ba Ria-Vung Tau.

The steel mill with an estimated capacity of one million tonnes per year has total registered investment capital of over $620 million, of which the contribution capital for the project will be $200 million.

Four years ago, Posco also invested $1.1 billion in a project of producing steel billet in Ba Ria Vung Tau province.

Tuoitre

Tags: Posco steel, Vietnam steel industry, Vietnam steel market

Posted by VBN on May 20 2010. Filed under Steel. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry