Ton Dong A Corp cuts ribbon on $70 million plant
Ton Dong A Corp cuts ribbon on $70 million plant
According to newswire Bnews, on November 5, Ton Dong A Corporation has inaugurated the first phase of its $70 million steel sheet plant located in the Dong An 2 industrial park in the southern province of Binh Duong.
The facility includes a push-pull pickling line, a cold rolling mill, a wastewater treatment system, and other important manufacturing lines.
The plant’s second phase, representing the total investment capital of $80 million, is expected to start operation by 2016-2017 and double the facility’s capacity.
Construction of the plant was started in February 2013. Covering an area of 125.8 square metres, the plant is equipped with modern technology lines imported from Europe and Japan. Once starting operation, the plant will have the total capacity of 800,000 tonnes of steel products annually.
According to Nguyen Thanh Trung, chairman and managing director of Ton Dong A, the plant will not only contribute to meeting the increasing demand for galvanised steel on the domestic and foreign markets but will also support Vietnamese galvanised steel development.
Starting operation in 1999, Ton Dong A has built a distribution network across the country and expanded its market to Laos, Cambodia, Indonesia, Thailand, Singapore, and a number of African countries. In early 2015, the firm’s products were licensed to export to the US.
