Commencement of Nghi Son Steel Rolling Factory Project No. 2


Nghi Son Steel Rolling Factory No. 2, with a capacity of 3 million tons/year, total investment of nearly 8,000 billion VND. This is a project using the most modern Italian steel technology DANIELI in Europe and is divided into 2 investment phases.

On January 12, at Nghi Son Economic Zone, Nghi Son VAS Group Joint Stock Company (formerly known as Nghi Son Iron and Steel Joint Stock Company) held a groundbreaking ceremony for Nghi Son Steel Rolling Plant Project No. 2.

This is a project using the most modern Italian steel technology DANIELI in Europe and is divided into 2 investment phases. Phase 1 of the project, with a capacity of 1.5 million tons of steel billet/year, will be deployed for construction investment from January 2022 to March 2023. Phase 2, with a capacity of 1.5 million tons of billet/year and 1.5 million tons of rolled steel/year, will be deployed from July 2022 to March 2025. This is also the 6th project that this enterprise has invested in in Nghi Son Economic Zone.

The project of Nghi Son Steel Rolling Factory No. 2 was invested and put into operation, not only continuing to affirm the Nghi Son steel brand, submitting to domestic and international markets, but also contributing to economy restructuring, creating jobs, raising incomes for local people, contributing to the socio-economic growth of Thanh Hoa province.

Previously, Nghi Son Steel Rolling Factory 1 went into operation in early 2020, with a total investment of 4,980 billion VND, capable of producing 1 million tons of steel billet and 1 million tons of rolled steel products/year.

According to the investment phase, from 2023 to 2024, the third factory will continue to be built. When all three lines go into production, Nghi Son Steel Rolling Plant will have a total capacity of 3.5 million tons/year of billet production and 2.5 million tons of finished rolled steel/year. State books from 3,000 to 4,000 billion VND/year.

Source: Tap Chi Cong Thuong

Share this post

You may be interested in

Application of Infineon semiconductor components in automobile manufacturing
Infineon semiconductor components include sensors, and microcontrollers… to help control...
The engineering and manufacturing industry continues to be the spotlight of the economy
Vietnam’s engineering and manufacturing industry in the first nine months of 2022 increased...
Seminar: 3D Metal Printing
This special topic of “3D Metal Printing From Potential To Application Reality For...
Many localities have a high index of industrial production
In the first 6 months of 2022, some localities had high industrial production index (IIP) compared...
Expectation for the development of Vietnam’s automotive industry
The Vietnamese automotive industry has always been seen as a priority industry for development,...
Ministry of Industry and Trade upholds the application of anti-dumping measures for alloy steel
On May 5, the Ministry of Industry and Trade issued Decision No. 843/QD-BCT on the application of...
Domestic steel prices “dances” according to the world, what does Vietnam do to be autonomous?
Domestic steel prices fluctuate according to world prices, because most of the raw materials are...
New strategic research for Vietnam’s automotive industry
Document No. 2506/VPCP-CN dated 21/4/2022 of the Office of the Government conveys the comments of...
Building infrastructure for Hanoi Industry and Trade in a modern way
Hanoi Industry and Trade needs to review and build infrastructure in the direction of...
Remove the quarantine order for international visitors entering Vietnam
The new policy was issued after Viet Nam fully resumed international tourism from March...

Subscribe to Our eNewsletters

    Đặt Gian Hàng
    Đăng Ký Tham Quan Trực Tuyến
    Đăng Ký Tham Quan Theo Đoàn
    Facebook stream

    Error validating access token: The session has been invalidated because the user changed their password or Facebook has changed the session for security reasons.