Vinachem to invest $375m in major projects

The Viet Nam National Chemical Corporation (Vinachem) will invest VND 7.5 trillion ($375 million) in fulfilling its major projects this year.

Some include developing Ninh Binh coal and nitrogenous fertiliser and expanding and restructuring the Ha Bac chemical and nitrogenous plant, a radian tyre plant in central Da Nang City with a capacity of 600,000 tyres a year, and the Nhon Trach batteries plant with a capacity of 2 million kwh per year.

The Ministry of Industry and Trade has outlined some solutions to stabilise the fertiliser market by boosting production and temporarily minimising exports, said Nguyen Quoc Tuan, a Vinachem official.

Tags: Vinachem

Posted by VBN on Jan 11 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry