Groundbreaking ceremony for $125 million precision cold-rolled steel factory project in Nghe An

On the morning of May 19, at WHA Industrial Zone I - Nghe An, Yongjin Group held the groundbreaking ceremony for the Tan Viet Metal Science and Technology Factory Project.

Leaders of central ministries and branches; leaders of Nghe An province; investors and partners attended the groundbreaking ceremony. Photo: Pham Bang

Overview of the Groundbreaking Ceremony of Tan Viet Metal Science and Technology Factory Project. Photo: Pham Bang

Tan Viet Metal Science and Technology Factory Project is invested by Tan Viet Metal Science and Technology Co., Ltd. (YongJin Group), located in WHA Industrial Zone I - Nghe An with an area of ​​12.65 hectares.

This is a project specializing in the production of precision cold-rolled steel, with a total investment of 125 million USD, a designed capacity of 260,000 tons of stainless steel/year, the project is expected to start operating in the second quarter of 2024 and employ about 300 workers.

Mr. Ngo Than Kiet - General Director of Zhejiang Yongjin Metal Science and Technology Co., Ltd., representing the project investor, gave a speech. Photo: Pham Bang

Speaking at the ceremony, on behalf of the investor, Mr. Ngo Than Kiet - General Director of Zhejiang Yongjin Metal Science and Technology Co., Ltd. expressed his sincere thanks to the leaders of the central ministries and branches, leaders of Nghe An province and departments, branches and sectors for their interest and support in the construction of Tan Viet Metal Science and Technology Factory in Nghe An.

Expressing his joy at investing in the project in President Ho Chi Minh's hometown, a land rich in cultural and historical traditions, Mr. Ngo Than Kiet emphasized that the comprehensive integration of traffic routes here is the gateway to regional and international trade, the natural conditions here are rich, diverse, and the scenery is beautiful, creating an ideal place for investment and residence. Under this outstanding investment and business environment, Yongjin is confident in creating excellence and having a bright future in the stainless steel industry.

Comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee spoke at the groundbreaking ceremony. Photo: Pham Bang

Speaking at the groundbreaking ceremony, comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee emphasized that the groundbreaking ceremony of the project is especially meaningful as it falls on the 133rd birthday of President Ho Chi Minh - the beloved leader of the Vietnamese people.

Respectfully acknowledging and appreciating the determination and efforts of Yongjin Vietnam Metal Science and Technology Co., Ltd. in choosing to invest in Nghe An, the Chairman of the Provincial People's Committee believes that when the project comes into operation, it will make an important contribution to the development of supporting industries and increase budget revenue. It is expected that the project will contribute about 1,000 billion VND to the provincial budget.

Representatives of the investor's partners attended the groundbreaking ceremony. Photo: Pham Bang

In addition, the project will create jobs, improve the living standards and income of local people, promote export development according to the sustainable and reasonable growth model of Nghe An province and the North Central region. This is a solid step, contributing to the economic restructuring, promoting the full potential and advantages of Nghe An province to create momentum for the province to achieve the goal of rapid and sustainable development.

Identifying this as one of the important projects in attracting investment in the province, in the coming time, Nghe An province commits to continue to stand side by side, accompany and create the most favorable conditions in terms of policies, investment and business environment and related procedures during the project implementation process.

Leaders of central ministries and branches; leaders of Nghe An province; investors and partners perform the project groundbreaking ceremony. Photo: Pham Bang

Chairman of the Provincial People's Committee Nguyen Duc Trung requested investors to use modern equipment and apply advanced technology to ensure environmental safety; proactively propose and closely coordinate with the Management Board of the Southeast Economic Zone, Nghi Loc district and related sectors to implement the project in accordance with regulations, ensuring quality, progress, labor safety and environmental sanitation.

Representing the project contractor, Mr. Le Anh Hung - Chairman of the Board of Directors of Hop Luc Construction Joint Stock Company committed to building the Tan Viet Metal Science and Technology Factory Project with benefits as agreed upon in the plan.

Delegates attending the groundbreaking ceremony took a souvenir photo. Photo: Pham Bang

The Tan Viet Metal Science and Technology Factory project, invested by Tan Viet Metal Science and Technology Co., Ltd. (YongJin Group), has officially started construction. Photo: Pham Bang

The Chairman of the Board of Directors of Hop Luc Construction Joint Stock Company believes that this is one of the projects that contributes to stabilizing the economy, creating jobs, improving the lives and incomes of local people, creating a premise for development according to the sustainable and reasonable growth model of Nghe An province and the North Central region.

Yongjin Group was established in August 2003 and has rapidly developed into a leading enterprise in precision cold-rolled stainless steel in China. In China, the enterprise has five production bases in Zhejiang, Jiangsu, Fujian, Guangdong and Gansu. In Vietnam, the enterprise has invested in a project in Tien Giang province.