BHP Steel will build a AUD$160 million flat steel metallic coating and painting facility in Vietnam after being granted a licence by the Vietnamese government. This represents the company’s most significant investment in Asia since listing on the Australian Stock Exchange in 2002.
The facility will be built in the Vietnamese province of Ria-Vung Tau, south east of Ho Chi Minh City.
The plant is expected to be operational in early 2006 and will have capacity to produce 125,000 tonnes of metallic coated steel and 50,000 tonnes of painted flat steel products.
The investment was brought about by rapid growth in Vietnam, where it already has two operations.
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