Ha Bac Nitrogen Fertilizers and Chemicals Company signed a contract for the upgrade and expansion of Ha Bac Nitrogen Fertilizers Plant in Hanoi on October 5.
The contractors include Ngu Hoan Science, Technology Joint Stock Limited Company, China Machinery Import-Export Company and Vietnam Chemical Industry Design Joint Stock Company.
Nguyen Anh Dung, the company’s Director General, said the 42-month project will be carried out at a cost of US$373 million, part of which will come from the Vietnam Development Bank and several commercial banks.
The plant’s headquarters, along with branches located in Tho Xuong Ward, Bac Giang City and Xuan Huong commune, Lang Giang district, Bac Giang province will be upgraded and expanded, using modern eco-friendly and energy-saving technologies from the Netherlands, Germany and Italy, he said.
Once the Engineering, Procurement and Construction (EPC) contract becomes effective, the plant’s annual capacity will increase from 180,000 tonnes to 500,000 tonnes of urea, better meeting the demands of the agricultural sector and export markets, Dung noted.
At the signing ceremony, Deputy Minister of Industry and Trade Nguyen Nam Hai underlined the significance of the project, calling on Vietnam Chemicals Group to partner with banks to ensure a prompt disbursement process.
Nguyen Anh Dung, the company’s Director General, said the 42-month project will be carried out at a cost of US$373 million, part of which will come from the Vietnam Development Bank and several commercial banks.
The plant’s headquarters, along with branches located in Tho Xuong Ward, Bac Giang City and Xuan Huong commune, Lang Giang district, Bac Giang province will be upgraded and expanded, using modern eco-friendly and energy-saving technologies from the Netherlands, Germany and Italy, he said.
Once the Engineering, Procurement and Construction (EPC) contract becomes effective, the plant’s annual capacity will increase from 180,000 tonnes to 500,000 tonnes of urea, better meeting the demands of the agricultural sector and export markets, Dung noted.
At the signing ceremony, Deputy Minister of Industry and Trade Nguyen Nam Hai underlined the significance of the project, calling on Vietnam Chemicals Group to partner with banks to ensure a prompt disbursement process.
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