# NV Bekaert to build $125M steel fiber plant in Quang Ngai, Vietnam

Belgium's NV Bekaert SA received approval to build a steel fiber factory in Quang Ngai Province, Vietnam, with an investment of VND 2.9 trillion (US$125 million). Construction is expected to start in Q3 2019 and operations in 2021, with an annual capacity of 75,000 tonnes of braided steel fibers.

- Type: New facility
- Announced: 2018-12-27
- Where: VSIP Quang Ngai Industrial Park, Tinh Tho Commune, Son Tinh District, Quang Ngai Province, Vietnam
- Value: $125.0M (2900.0B VND)
- Starts operating: 2021
- Status: announced
- Capacity: 75,000 tonnes per year of braided steel fibers; 1,000 tonnes per year of steel cords; 2,000 tonnes per year of improved braided steel fiber
- Products: braided steel fibers, steel cords, improved braided steel fibers
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [NV Bekaert](https://endata.com/companies/36397.md)

## Sources

- [en.vietstock.vn](https://en.vietstock.vn/2018/12/quang-ngai-to-have-a-$125m-steel-fiber-factory-974-343510.htm), 2018-12-27: "The central province of Quang Ngai has agreed in principle for Belgium’s NV Bekaert SA to build a steel fiber factory in the province."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.