December 27, 2017 | 20:36 (GMT+7)
Nhan Co aluminum plant surpasses yearly target
Nhan Co aluminum plant under the Vietnam National Coal - Mineral Industries Group (Vinacomin)’s Dak Nong aluminum company produced 501,000 tons of aluminum during its first year of operation, 104 percent of its target.
Construction of the plant started in
the Central Highlands province
of Dak Nong in June 2007
with total investment of more than 16.8 trillion VND (740 million USD) and
total capacity of 650,000 tons per year. In late 2016, it began test operations
and churned out commercial products.
Its products are mostly exported to Japan, the Republic of Korea, Hong Kong (China),
Singapore, the United Arab Emirates and Switzerland. With more than 98.6
percent of alumina content, its aluminum products are popular worldwide.
In the domestic market, aluminum and
hydrate are sold to the South Mining Chemical Industry Company, the Chuan Kuo
ceramics JSC and My Le company.
This year, the Dak Nong aluminum
company earned nearly 185 million USD from aluminum exports, contributing 240
billion VND (10.6 million USD) to the State budget, up 136 billion VND (6.04
million USD) from 2016.
According to the Dak Nong Department
of Industry and Trade, the province’s industrial production value rose by 40
percent annually and export revenue hit a record 1 billion USD, 13 percent of
which was from aluminum exports.
The Dak Nong aluminum company aims
to produce 580,000 tons of aluminum in 2018.
Source: VNA