VN builds first steel pipe factory

Ground was broken at the country's first petroleum steel pipe plant yesterday in southern Tien Giang Province's Soai Rap Petroleum Service Industrial Zone.

Besides reducing the country's imports, the VND2.2 trillion (US$112 million) plant is also expected to contribute to the development of other industrial sectors including mining, processing, metallurgy, engineering, transport and construction.

Nguyen Van Phong, Vice Chairman of the Tien Giang People's Committee, said that he also expected the plant would help the province attract other projects to the Soai Rap Petroleum Service Industrial Zone.

The plant, which will cover an area of nearly 39.5ha and use Swiss technology, will have an output volume of 100,000 tonnes of steel pipes per year.

According to the plant's investors, PetroVietnam Pipe Manufacturing Joint Stock Company, the plant will supply its products to key projects such as Nam Con Son 2 and the Lot B O Mon gas pipe along with other gas pipes in the country when the first stage of the plant is completed in the fourth quarter of next year.

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