Work Starts on US$35Mln Sunsco Steel Mill in Southern Vietnam
The Sun Steel Joint Stock Company (Sunsco) has kicked off construction on a US$35 million steel mill in Di An district of southern Binh Duong province.
Once operational in March next year, the factory is expected to operate with a capacity of 10,000 tons of products a month, the paper said.
It will be capable of producing 16 inch steel pipes meeting the A.P.I. standard to provide for construction projects and the oil and gas industry.
The mill will have two main production systems to produce rolled steel and steel pipes.
Sunsco, a wholly foreign capital company, was established in 1996 and has been operating since 1998 in Binh Duong province. By 2008, Maruichi Group acquired 62.56 per cent of Sunsco shares and became its parent company.
The company currently produces 6,000 tons of cold rolled, galvanized steel, 4,000 tons of rolled, galvanized, pre-painted steel, 4,000 tons of steel pipes and 5,000 tons of steel rods a month. (Vietnam Economic Times)
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