With a capacity of 12,000 tonnes a year, the plant is the biggest of its kind in Vietnam.
After two years of construction and testing, the plant is now operational, with a daily output of 40 tonnes of ferrosilicon containing 72-75% of silicon content, meeting the requirements for domestic steel production and export.
The plant will create jobs for 230 people and will contribute 50 billion VND (2.1 million USD) annually to the provincial budget.
Ferrosilicon is used in the production of steel and is a material for producing solar cells.
Over the past years, Vietnam’s steel-making industry had to import nearly all of its ferrosilicon demand. As such, the inauguration of the Thai Nguyen plant will help meet the demand of local steel manufacturers.
Vietnam currently has only two ferrosilicon plants and the one in Thai Nguyen Province is the biggest.