Quatron steel builds Vietnam plant

Quatron Steel, 75 percent owned by Romania-based Taher Invest, last week started work on a fabricated steel factory in Ba Ria-Vung Tau Province.

Quatron Steel chairman Fathi Taher told Thanh Nien that Taher Invest would invest US$50 million in the plant, which would produce 42,000 tons of fabricated steel annually after construction finishes in two years.

He expects the plant to be the biggest of its kind in Vietnam.

The plant would employ between 800 and 1,000 workers and could start shipping out its products in March 2003 after the first phase of construction is completed, said Fathi. The first shipment would go towards the construction of the Marriott Hotel in Kabul, Afghanistan, he noted.

Thanhnien

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