Wednesday, Sep 24, 2008
It is reported that Quatron Steel, 75% owned by Romania based Taher Invest, last week started work on a fabricated steel factory in Ba Ria Vung Tau Province.
Mr Fathi Taher chairman of Quatron Steel said that Taher Invest would invest USD 50 million in the plant, which would produce 42,000 tonnes of fabricated steel annually after construction finishes in 2 years. He expects the plant to be the biggest of its kind in Vietnam.
He added that the plant would employ between 800 and 1,000 workers and could start shipping out its products in March 2009 after the first phase of construction is completed. The first shipment would go towards the construction of the Marriott Hotel in Kabul.