Vietnam-China mineral plant rolls out first batch
Monday, 18:50, 26/05/2014
(VOV) -A steel and cast iron mill of Vietnam-China Mineral and Metallurgy Co., Ltd (VTM) in the northern province of Lao Cai produced its first batch on May 26.
The factory, the most modern of its kind in Vietnam, is capable of producing 12-13 batches a day with a total volume of 1,500 tonnes, said Nguyen Van Toan, VTM General Director.
Its capacity is the second largest in the country, after the Thai Nguyen Steel and Cast Iron Plant, he said.
The factory is designed to churn out 500,000 tonnes of cast iron and 500,000 tonnes of steel ingot per year in the first phase. It plans to double the output after another steel mill is constructed, using raw material from Quy Xa iron ore mine in Lao Cai.
As scheduled, the first batch of steel ingot will be rolled out early this June.
The factory was jointly built by the Vietnam Steel Corporation and China’s Kunming Iron and Steel Group Co. Ltd (KISC) at an estimated cost of US$337 million.