Posted on 01 Nov 2012
Bac Viet Steel Company will set up a steel-pipe venture with four Japanese companies. To be known as the Nippon Steel & Sumikin Metal Products Viet Nam (NSMV), it will operate in northern Bac Ninh Province.
The factory with a total investment of $12.78 million will be able to produce 48,000 tonnes of products per year.
Bac Viet Company owns 24 per cent of the holdings and Nippon Steel & Sumikin Metal Products Company Ltd, 48 per cent.
The establishment is in line with the restructuring of Bac Viet Company to become one of the biggest steel producers in Viet Nam.-VNS
