StoxPlus | Fri, Nov 8, 2013 05:27:00 PM
On November 5, Ton Dong A Corporation -one of the leading steel manufacturers in Vietnam officially announced its project of building the second steel sheet plant worth $150 million in Dong An 2 Industrial Park, Binh Duong Province.
The plant will be located on an area of 12 hectares, worth $150 million with the most updated advanced technology from Europe and Japan.
The first phrase worth $70 million will be put into operation in the second quarter of 2014, it will increase Ton Dong A’s annual output to 400,000 tons of finished products.
The second phrase will be put into operation in 2016-2017, increasing the corporation’s annual output to 800,000 tons.
The corporation’s revenues are expected to be increased to VND6-6.5 trillion ($2.84-$3.07 billion) in 2014, comparing with this year’s figures of around VND3.4 trillion ($1.61 billion).
The plant’s products will gradually replace imported metal roofing sheets.
Ton Dong A’s first plant is located in Song Than 1 Industrial Park in Binh Duong province and has a designed production capacity of 250,000 tons per year.