COMMENCEMENT OF TOAN THANG STEEL FACTORY IN PHUC LONG INDUSTRIAL PARK

On September 21, 2018, at Phuc Long Industrial Park, Ben Luc District, Long An Province, Toan Thang Steel Joint Stock Company - LA held a groundbreaking ceremony to build a factory with a capacity of 200,000 tons/year. The ceremony received the attention and participation of the Head of the Provincial Economic Zone Management Board - Truong Van Trieu, Secretary of Ben Luc District Party Committee - Tran Hoang Nhan.

Phuc Long Industrial Park, one of the industrial parks with a key location, is very convenient for the delivery and receipt of goods. Phuc Long Industrial Park is located in an area focusing on developing the steel industry with high density. Toan Thang Steel Company has achieved proud achievements and built a reputation with domestic and foreign customers in the field of trade. In order to meet the market demand and the company's development scale, Toan Thang Company aims to develop production capacity with the Toan Thang - LA Steel Factory project in Phuc Long Industrial Park.

The project has a scale of 52,362 m2 with a total investment value of up to 250 billion VND. It is expected that the operating capacity of the factory in phase 1 will be 200,000 tons/year and the first cut steel plate products of the factory will be launched in the Vietnamese iron and steel market around March 2019.