3-trillion-VND steel wire factory approved in Quang Ngai
Investment on the Bekaert Vietnam-Dung Quat steel wire and wire rope factory in the central province of Quang Ngai has recently been approved, according to the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority.
Investment on the Bekaert Vietnam-Dung Quat steel wire and wire rope factory in the central province of Quang Ngai has recently been approved (Illustrative photo: tt-s.com)
Quang Ngai (VNA) – Investmenton the Bekaert Vietnam-Dung Quat steel wire and wire rope factory in thecentral province of Quang Ngai has recently been approved, according to the DungQuat Economic Zone and Quang Ngai Industrial Parks Authority.
The factory will be invested in by NVBekaert SA Company of Belgium with 2.91 trillion VND (125 million USD),becoming the second largest foreign direct investment project in Quang Ngai province,following one of the Doosan Vina Heavy Industry.
The project will cover 40 ha at the VSIPQuang Ngai in Tinh Tho commune of Son Tinh district.
Upon completing legal procedures,construction of the factory will start in 2019’s third quarter and it willbecome operational in 2021. The factory will manufacture steel wire rope usedin car tyres, as well as other products for automobile and other industries,with annual capacity of nearly 80,000 tonnes.-VNA
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Investment on the Bekaert Vietnam-Dung Quat steel wire and wire rope factory in the central province of Quang Ngai has recently been approved (Illustrative photo: tt-s.com) 
