ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Formosa Plastics steel venture in Vietnam set to double capacity

Japanese shareholder JFE using project to expand its Southeast Asian business

Formosa Ha Tinh Steel's integrated mill in Vietnam looks to debut a second blast furnace this summer.

TOKYO -- A Vietnamese joint steel venture led by Taiwan's Formosa Plastics Group that includes Japan's JFE Holdings will open a second blast furnace this summer, doubling its potential crude output in a steel-hungry region.

Formosa Ha Tinh Steel operates Vietnam's first blast-furnace integrated steel mill, located in the central province of Ha Tinh. The first furnace began churning out crude steel in May. The second furnace will boost annual capacity to about 7 million tons.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more