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| Kobeseiko proposes $1b steel billet mill project |
| 15/Mar/2010 Intellasia | Dau Tu page 1 |
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| 15 Mar, 2010 - 10:55:54 AM |
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Japanese investor, Kobeseiko has proposed Vietnam's functional authorities its new project of constructing a new steel billet mill in Hoang Mai Industrial Zone, under Southeast Nghe An Industrial Complex. The project's total investment capital was estimated at about $1 billion.
Ho Ngoc Bao, vice-chair of Southeast Nghe An Economic Complex management board affirmed that Nghe An province people's committee had submitted the project to the country's government and ministry of industry and trade for supplementing the project into general plan of steel mills. The ministry has already issued official document approving for Kobeseiko to conduct the project. However, the investor was required to clarify about the material sources for production.
Nghe An province people's committee has asked Kobeseiko to prepare investment procedures and to make report to functional authorities about the project's material source.
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