wiredInUSA February 2019

Steel mill results

Fiber plant plans

Image: Bekaert

Image: BMZ

Vietnam’s central province of Qu ả ng Ngãi has agreed, in principle, for Belgium’s NV Bekaert SA to build a steel fiber factory at the VSIP Qu ả ng Ngãi industrial park in the S ơ n T ị nh district. A report in Viêt Nam News said that the Bekaert Vi ệ t Nam-Dung Qu ấ t steel fiber plant could have total investment capital of over $125 million. Construction should begin in late 2019, and the facility could be in operation in 2021 to produce a range of products for automotive and other industries. The factory’s capacity is expected to be up to 75,000 metric tons a year in braided steel fibers, 2,000 metric tons of steel cords, and 2,000 metric tons of improved braided steel fiber. The project would be the second largest foreign direct investment project in the Qu ả ng Ngãi province, after the Doosan Heavy Vi ệ t Nam Co Ltd project.

Alexander Olesik, press secretary of Belarusian steel mill BMZ, has announced that the company’s 2018 results are up $293 million from the total figure registered in 2017. A shipment of reinforcing bars shipped to BMZ’s trading house in the Baltic states in late December raised the year’s total earnings to $1.5 billion. In January-November 2018, BMZ made 2.24 million tonnes of steel, 1.95 million tonnes of rolled products, 136,500 tonnes of seamless pipes, and 386,600 tonnes of steel wire products (metal cord, bronzed bead wire, wire for high pressure hoses, and steel wire for other applications). BMZ exported about 1.845 million tonnes of merchandise worth over $1.156 billion to 66 countries worldwide, 106.6 percent as against the same period of 2017 in physical terms and 128 percent in monetary terms. BMZ has four enterprises — a steel smelting division, a rolling division, a pipe division, and divisions making hardware items, work tools and implements. The company exports over 80 percent of its output every year.

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wiredInUSA - February 2019