HSG starts work on new steel plant, completes another

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Giant steel maker Hoa Sen Group (HSG) on Friday began construction of a giant plant in the Dong Hoi Industrial Zone in the central province of Nghe An.

Hoa Sen Group on Friday start construction of new plant in Nghe An Province. — VNS Photo

NGHE AN (Biz Hub) — Giant steel maker Hoa Sen Group (HSG) on Friday began construction of a giant plant in the Dong Hoi Industrial Zone in the central province of Nghe An.

Located on an area of 35ha, the VND5 trillion (US$238 million) plant will have nine production lines churning out steel sheets starting in March next year.

On the same day the company's new plant at the Nam Cam Industrial Zone, also in Nghe An, began production. Its first phase with six of the proposed 13 production lines is complete and manufacture of steel pipes has begun.

On the same day the company's new plant at the Nam Cam Industrial Zone, also in Nghe An, began production. — VNS Photo

The remaining lines will produce steel pipes other specialised products in December 2015 when the company hopes to complete the plant.

The two plants will together provide jobs to 1,000 workers.

Their products will be consumed in the central and northern regions and exported to Laos, Thailand, and Myanmar. — VNS

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