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Tata Steel Forms Joint Venture to Set Up $5 Billion Steel Complex in Vietnam, an Industrial Info News Alert

Posted on: Thursday, 21 August 2008, 06:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas) -- Within days of withdrawing a proposed investment plan of $3 billion in Bangladesh because of the country's prevalent political instability and the non-committal stance of the government, Tata Steel (BOM:500470) (Mumbai, India) firmed up its plans of developing a steel complex with a capacity of 4.5 million tons per year in Vietnam. The project will have an estimated cost of $5 billion. Essar Steel (Mumbai), POSCO (NYSE:PKX) (Pohang, South Korea) and Baosteel (Shanghai, China) were also reported to be in the race with Tata Steel for the project.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

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