Lao Cai Cast Iron and Steel Plant to be built

Nhan Dan/VNA – An EPC (engineering, procurement and construction) contract worth US$160 million to build the Lao Cai Cast Iron and Steel Plant in Lao Cai province was signed on October 22.

The contract signatories are the Vietnam-China Mineral and Metallurgy Co., Ltd (VTM) under the Vietnam Steel Corporation and a Chinese contractor, Kunming Iron and Steel Group Co. Ltd (KISC).

A cast iron workshop with an annual capacity of 500,000 tonnes will be built in the first phase from 2010-2012, as well as a steel workshop able to produce 500,000 tonnes of steel ingot per year.

In the second phase (2012-2015), a steel-rolling chain, with a capacity of 500,000 tonnes of steel per year, will also be installed.