CSVC steel plant is officially opperated

After 3 years of participating in the project CSVC steel plant, Posco E&C has successfully completed the project and received high appreciation from the client in the inauguration ceremony on 14 October. The plant is a Taiwan-Japan joint venture, which will help China Steel expand its market in Vietnam and reach other Southeast Asian countries.

The plant is expected to operate at full capacity in 2015, when its four production lines will be able to churn out 500,000 tonnes of cold-rolled sheets and coils, 300,000 tonnes of zinc-galvanized sheets, 200,000 tonnes of electrical sheets and 200,000 tonnes of pickled and oiled steel coils a year.

According to the plan, the plant will generate revenue of between NT$24 billion (US$817 million) and NT$30 billion a year in 2015, and it will take two or three years for it to break even.