The first phase of Shengli Vietnam Special Steel Ltd Co was inaugurated on September 5 in Cau Nghin industrial zone, An Bai town, Quynh Phu district, Thai Binh province.

After over two years of construction costing US$53M, the first phase of the plant, the largest of its kind in the northern province of Thai Binh, will be able to produce 600kt/y.

Shengli Vietnam Special Steel Ltd. Co is wholly owned by two Chinese companies, the Shengli (Fuzhou ) Group Corporation and the Guangdong Metals and Minerals & Export Corporation.

Source: Daily VietnamPlus, Hanoi; 6 Sept 2010