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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