Vina-Halla Company CEO Shon Ho Yong said the factory has a design annual capacity of producing 85,000 tonnes of industrial fans, 5,000 tonnes of pressure bottles and 10 units of heavy cranes all made of steel.

The project will also manufacture incinerators to deal with steel waste, steel facilities for environmental protection and liquid waste treatment and other machines and steel equipment for cement, energy and steel-rolling factories.

Its products will be largely exported to Asian countries, said the RoK factory chief executive.

The factory is scheduled to become operational with 500 workers in the next four months with a licensed operation term of 40 years.