Steel plant breaks ground in Vietnam

Tag: metallurgy machinery The Viet Nam–China Minerals and Metallurgy Co (VTM) last week held a ground-breaking ceremony at the site of a steel plant capable of producing a million tonnes of steel a year at the Tang Loong Industrial Zone in northern Lao Cai province. The plant, capitalised with US$152 million, is a joint venture of the Viet Nam Steel Corporation, the Lao Cai Minerals Company and the Kunming Iron and Steel Group Co. Ltd. Construction work is expected to be completed by 2010.