Vietnamese Cement Maker to Build VND1-Tln Steel Mill
Can Tho Cement Joint Stock Company will build a steel ingot refining mill worth more than VND1 trillion (US$60.6 million) in Mekong Delta Can Tho City.
The factory, set to cover an area of 70 hectares of land at the O Mon Industrial Park, will have an annual capacity of 350,000 tons.
The mill will become the first of its kind in the Mekong Delta region.
Earlier, the company was licensed to make a joint venture with Cambodia&rsquos Omsaura Co., Ltd to make a joint venture, namely ACAV-ICO Group Co., Ltd, based in Phnom Penh.
The joint venture&rsquos main operation is to exploit laterite ore in Baray district of Cambodia&rsquos Compongthom province with a capacity of 50,000 tons a month. (Investment)
Vietnamese
