Zamil to Invest US$20 Mln to Double Steel Output in Vietnam

Zamil Industries plans to invest US$20 million to raise its annual capacity in Vietnam to 100,000 tons from 50,000 tons in an effort to tap the Asian demand for the building material, the Thanh Nien Daily newspaper reported.

 

Zamil Steel, an affiliate of the Saudi Arabian maker of steel, air conditioners, glass and insulation, entered Vietnam in 1993, operating as a representative office.

 

Zamil Steel Vietnam (ZSV), a joint venture between Zamil Steel Industries of Saudi Arabia and Japanese Mitsui, was established in Hanoi in 1997 to design, manufacture and supply top quality pre-engineered steel buildings like warehouses, workshops, distribution centers, showrooms, aircraft hangars, schools, and sports halls.

 

Recently, ZSV April 23 put into operation its second factory worth US$14 million in southern Dong Nai province, 35 km from the southern economic hub of Ho Chi Minh City.

 

ZSV also aims to open sales offices in more provinces in Vietnam and enter new markets, including Australia and the US. (Thanh Nien Daily)