News Room - Steel Industry

Posted on 12 Aug 2008

Vinashin to build new steel mill with Lion Group

It is reported that Vietnam's Shipbuilding Industry Group has planned to cooperate with Malaysia's Lion Group to build up a steel plant with annual capacity of 4.5 million tonnes to 5 million tonnes in Vietnam. 

Both companies have set up a specialized company to study the feasibility for increasing to 10 million tonnes at the steel plant.

In the first stage, the mill will have an initial capacity of 4.5 million tonnes a year. The company will invest another USD 7 billion to reach a capacity of 10 million tonnes by 2025.