Accordingly, after nearly 3 years of having to stop operations, to ensure conditions for high-level fire, the unit has invested in maintaining and repairing equipment, factories, as well as preparing raw materials for iron ore, coal, etc.
At the same time, recruit new workers, call back nearly 1,100 workers and organize training.
It is expected that from the time of opening the furnace to the product of steel billets will take about 3 - 4 days.
The leader of Kim Viet - Trung Minerals and Metallurgy Company Limited (VTM) said that in 2025, the unit strives to produce 330,500 tons of steel billets.
To achieve this goal, in addition to more than 194,000 tons of ore that have been allowed to be used, the company is focusing on completing procedures and recommendations to central ministries and branches approved for preliminary processing and using 5 million tons of Deluvielu ore exploited as raw materials.
The resumption of operations of Lao Cai Iron and Steel Plant is expected to create stable jobs for more than 1,100 workers, while contributing to increasing the value of industrial production in the province and increasing state budget revenue in 2025.
As Lao Dong reported, Lao Cai Steel Gang Factory started construction in April 2011 and went into operation in 2014. The factory is invested by a joint venture of Kon Minh Steel Corporation (China) and Vietnam Steel Corporation with a total capital of 335.7 million USD (equivalent to more than 6,000 billion VND).
Due to the impact of many factors such as lack of raw materials, COVID-19 epidemic, financial imbalance... this unit has had to stop production from 2022 to present.
