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Taiwan firm plans to build port and steel mill in Vietnam

HANOI, Sept 16, 2009 (Asia In Focus via COMTEX) --

Company: Formosa Plastics Corp (FSAPF)

FORMOSA PLASTICS (TAIEX:1301), a leading industrial conglomerate in Taiwan, plans to build one of the Southeast Asia's biggest deepwater ports and a nearby steel mill as part of a multi-billion dollar project in Vietnam. The port and steel mill will be located in the central province of Ha Tinh, an official, who asked not to be named, was reported by AFP as saying on September 15.

* According to the official, the port will be able to accommodate freighters with a capacity of up to 300,000 tonnes when completed by 2012.

* The steel mill, designed with an initial capacity of 7.5 million metric tonnes, will be located about 30 kilometres (20 miles) from Vietnam 's largest iron ore deposit at Thach Khe.

Copyright (C) 2009 Asia in Focus. All rights reserved

News Provided by COMTEX

Company: Formosa Plastics Corp (FSAPF)


Related terms: asia, conglomerate, dollar, industrial, steel, taiwan, vietnam

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