# Yongjin Technology Group to invest $125M in stainless steel strip project in Vietnam

Yongjin Technology Group plans to invest $125 million through its Vietnamese subsidiary to build a 260,000-ton-per-year precision stainless steel strip processing project in Vietnam, with two production lines.

- Type: Investment
- Announced: 2023-04-13
- Where: Vietnam, Vietnam
- Value: $125.0M
- Status: announced
- Capacity: 260000 tons per year
- Products: precision stainless steel strip
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Yongjin Technology Group](https://endata.com/companies/69710.md)
- [Yongjin Metal Technology (Vietnam)](https://endata.com/companies/69711.md) (investor)
- [Xinyue Metal Technology](https://endata.com/companies/69712.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/910120.html), 2023-04-13: "项目分三期建设，固定投资额约1.25亿美元。"

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