14
Apr
06:59
Yongjin plans capacity expansion in Vietnam
China-listed Zhejiang Yongjin Metal Technology’s board of directors on 14 April tentatively approved the proposal for a capacity expansion at its Vietnamese subsidiary, with its own funds, according to exchange filings.
Vietnam Yongjin intends to invest $125 million into the project, and sister company Xinyue Metal will be in charge of the construction in three stages. Construction is planed to begin in the second quarter this year, although pre-approval pro…
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Anonymous
Very good overview of the weekly steel market.
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