Posted on 13 Jan 2016
Hoa Sen Nhon Hoi-Binh Dinh Ltd Co, a unit of Vietnamese steel manufacturer Hoa Sen Group, last week broke ground for a steel mill project worth a total of VND2 trillion (US$89 million) in Binh Dinh Province.
Hoa Sen Nhon Hoi facility is the third steel production project of Hoa Sen Group in the central province and one of the group’s new major projects this year.
The mill will cover 12.4 hectares in Nhon Hoi Economic Zone and start production early next year, with key products including galvanized and color-coated sheets, and cold-rolled steel.
The project is expected to generate jobs for around 400 locals. When the facility is fully operational in June 2017, it will turn out 180,000 tons of galvanized sheets, 90,000 tons of color-coated sheets, and 200,000 tons of cold-rolled products a year.
The new project will help increase Hoa Sen’s steel exports to Cambodia, Laos and Thailand.
Hoa Sen now has six large steel mills, and 190 distribution and retail outlets across the country, which is expected to rise to 300 in the next two years
