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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan's Formosa to build steel plant in Vietnam AFP - Monday, February 22 Send IM Story Print Taiwan's Formosa to build steel plant in Vietnam Slideshow: Full Photo Coverage: Business & Economy TAIPEI (AFP) - – Formosa Plastics Group, one of Taiwan's largest industrial conglomerates, said Monday it plans a stainless steel plant in Vietnam, with local media citing a budget of over three billion US dollars. The plant will be part of a steel mill complex that the conglomerate intends to build in the central Vietnamese province of Ha Tinh, a group official told AFP. The official said a timetable of the construction of the stainless steel plant had not been finalised, and declined to disclose further details. The Taipei-based Economic Daily News reported Monday the plant will cost the group 100 billion Taiwan dollars (3.1 billion US dollars). The newspaper said the planned stainless steel plant is expected to roll out two million metric tonnes a year. Earlier this year, the group, whose interests range from petrochemicals to semiconductors, said it planned a stainless steel plant in Fujian province in southeast China with an annual capacity of one million metric tonnes. Recommend Send IM Story Print Related Articles Taiwan economy grows 9.2 percent in Q4 AP - 32 minutes ago Air France, Japan Airlines study jv -paper Reuters - 46 minutes ago WRAPUP 2-Toyota memo raises stakes for chief's US hearings Reuters - 56 minutes ago Vietnam Money-Rates start easing on post-holiday liquidity Reuters - 1 hour 1 minute ago India's L&T launches asset management company Reuters - 1 hour 1 minute ago News Search Top Stories US stun Canada to rewrite history books Scientists shed light on sleep through the ages Guidelines for controlling TB on airlines a waste: study Ice maidens raise temperatures Crippling pilots' strike looms for Lufthansa More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Ice maidens raise temperatures Chemicals suspected in breast cancer Scientists see early warning to damaging El Nino US stun Canada to rewrite history books Scientists shed light on sleep through the ages More Most Viewed » Third-hand smoke also bad for you: study DNA reveals some mystery on King Tut, raises questions Pitt, Jolie sue British paper over split claims Fury heats up after new AIG bonuses Sugary soft drinks linked to pancreatic cancer: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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