Quatron Steel News
Quatron Steel, which is 70% owned by Romania-based The Taher Investment Group, has recently started working on a US$50-million project to build a steel structuremanufacturing factory in the Southern province of Ba Ria – Vung Tau.
The factory, covering eight hectares in My Xuan B1 Industrial Park in Tan Thanh District, will be producing 42.000 tons of steel structure per year and will employ over 1000 workers.
The project will be developed over three phases, with US$20 million spent on the first phase, US$10 milllion in the second and US$20 milllion the third, said Karim Itum, General Director of the company, adding the construction would be completed in two years.
Quatron Steel will start rolling out its first products from August 2009 after finishing the production lines.
The General Director said half of the company’s products would be consumed in Vietnam and the remainder for export to some primary strategic markets including Australia, India, Thailand, Cambodia, and the Middle East.
He added Quatron Steel, which was established in Vietnam early 2008, would concentrate on developing some target products like process structures, retail stores and would invest in building high-rise office projects in the near future.
When asked about the target customers of Quatron Steel, Karim said the customer base would be wide.
“The company aims to supply steel structures for developing commercial buildings, hotels, stadiums, power plants, rolling mills, and petrochemical plants in the country”, Karim explained earlier.
The Taher Investment Group, the parent firm of Quatron Steel, currently operates many companies in different industries, ranging from steel production, to real estate development, resorts and hotels. Its prominent subsidiaries worldwide include Laminate SA, Electroputere S.A., Petrom Aviation, JW Marriott, Trei Brazil Resort, Mija City, AISB, Excellent, Quatron International Investment Company and TAYL.