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| Tien Len Steel Group opens a steel plant in Cambodia in October. — Photo cafef.vn |
HA NOI —Tien Len Steel Group JSC (TLH) plans to open a US$3 million plant in Cambodia in October this year.
The company said the plant in Cambodia would not only serve the demand in Viet Nam and Cambodia, but also the ASEAN market.
Based in the southern province of Dong Nai, Tien Len with 12 subsidiaries and associated companies, also worked in real estate and automobile industries together with its core business of steel production and trading.
In the shareholders' meeting in April, the firm announced it anticipated revenues of VND4 trillion ($179 million), with a profit of VND290 billion this year. —VNS