Receive Order for a large-scale Hot Rolling Equipment for Vietnam
Our company has recently received a large-scale order from Nan Ya Plastics Corporation, a core company of the Formosa Plastics Group, for hot rolling equipment with an annual production capacity of 5.3 million installation in Vietnam.
Vietnam / Formosa Ha Tinh Steel Corporation will be the end-user, and the equipment will be built in the Vung Ang Economic Zone in Ha Tinh Province in the north central part of Vietnam.
This is the first project to construct a large-scale integrated steel plant in Vietnam, where rapid development is expected in the future. Operation is scheduled to start in the first half of FY2015. This project will also be the first time for our company to deliver hot rolling equipment to Vietnam.
Our company will be supplying equipment and providing services ranging from a complete set of machinery and equipment ,supervisors for installation and training, including two roughing mill stands, a sizing press, seven finishing mill stands, and down coiler equipment.
Amid the suppression of large-scale capital investment due to the global economic slowdown, our company has managed to receive the order, following tough competition with other manufacturers that lasted for a long time.
Taking advantage of the FTA in Southeast Asia and with not only Vietnam but also various other countries in Southeast Asia as its market, this steel plant is expected to become the foremost huge steel plant in Southeast Asia, as expanded investments are planned for additional installation of hot rolling equipment and downstream process schemes such as cold rolling equipment.
All the parties concerned intend to make efforts in order to contribute to the development of the customers, Vietnam, and Southeast Asia.