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The titanium plant. Photo C.H |
Saigon Investment Group’s Saigon-Quy Nhon Mineral Joint Stock Company (SQC) opened the largest titanium plant in My Thanh commune, Phu My district. It has an investment capital of VND1 trillion, or US$55 million. Half of the investment has been spent in the first phase.
Vietnam’s largest titanium plant
“The company’s leaders decided to build the titanium plant in early 2008, aiming to exploit titanium ore for export and to meet the ever-increasing demand for titanium,” said Dang Thi Hoang Phuong, the company’s director. “The plant will manufacture other titanium products like dioxide and other compounds in later phases.”
The plant, built on an area of 10 ha, is expected to employs 500 local workers and supply 24,000 tons of titanium and 12,000 tons of high intensity steel a year in the first phase.
Sustainable development
The company also focused on the exhaust fume treatment system for the target of the sustainable development, said Nguyen Tran Trieu Thanh, SQC’s general director. Foreign experts were invited to supervise the implementation of the project.
The plan with the most modern technology will guarantee the best environment for its employees and the locals living around, according to the experts.
At the opening ceremony, Vice Chairman of Binh Dinh People’s Committee Le Huu Loc praised the company’s effort, asking the investor to soon carry out the second phase.
The investor was also required to ensure the environmental safety for the sustainable development.
Following projects
“The second phase will be carried out soon,” said Dang Thanh Tam, chairman of Saigon Investment Group. “SQC will invest in other projects, aiming to synchronously build the infrastructure for My Thanh industrial park.”
SQC is also the owner of many projects carried out in Binh Dinh.
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