Nhan Co aluminum plant surpasses yearly target
Nhan Co aluminum plant under the Viet Nam National Coal and Mineral Industries Group (Vinacomin)’s Dak Nong aluminum company produced 501,000 tonnes of aluminum during its first year of operation, 104 per cent of its target.
Nhan Co aluminum plant under the Viet Nam National Coal and Mineral Industries Group (Vinacomin)’s Dak Nong aluminum company produced 501,000 tonnes of aluminum during its first year of operation, 104 per cent of its target.
Construction of the plant started in the Central Highlands Province of Dak Nong in June 2007 with total investment of more than VND16.8 trillion (US$740 million) and total capacity of 650,000 tonnes per year. In late 2016, it began test operations and churned out commercial products.
Its products are mostly exported to Japan, South Korea, Hong Kong (China), Singapore, the United Arab Emirates and Switzerland. With more than 98.6 per cent of alumina content, its aluminum products are popular worldwide.
In the domestic market, aluminum and hydrate are sold to the South Mining Chemical Industry Co, the Chuan Kuo Ceramics JSC and My Le Company.
This year, the Dak Nong aluminum company earned nearly $185 million from aluminum exports, contributing VND240 billion ($10.6 million) to the State budget. The company aims to produce 580,000 tonnes of aluminum in 2018.
