HoaPhat Group becomes the new force in steel industry after taking over the comprehensive steel factory project that has a capacity of 400 tons.
The Guang Lian Steel Project will be built in Quang Ngai province, Vietnam, where produces long and flat materials.The construction will be divided into two phases, with a capacity of 2 million tonnes each. Long materials for the construction are majorly produced in the first phase; and the flat materials are mainly produced in the second phase. The whole construction will take four years, costing about 60 trillion VND, which is about $ 2.65 billion.
The investor obtains the approval from the local government at this February. On January 25, Nguyễn Xuân Phúc, the Vietnamese Prime Minister, approved the restart of this project.