# Diep Nam Phuong breaks ground on $10M stainless steel factory in Dong Nai

Diep Nam Phuong Production Trading Co., Ltd held a groundbreaking ceremony for a second stainless steel processing factory in Loc An-Binh Son Industrial Park, Long Thanh District. The project has a capital of USD 10 million and is expected to be completed in mid-2023.

- Type: New facility
- Announced: 2022-11-07
- Where: Loc An-Binh Son Industrial Park, Long Thanh District, Dong Nai, Vietnam
- Value: $10.0M
- Starts operating: Jul 2023
- Status: under construction
- Products: stainless steel products for industrial production, construction, healthcare, food, shipbuilding
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Diep Nam Phuong Production Trading Co., Ltd](https://endata.com/companies/70012.md)

## Sources

- [dongnai.gov.vn](https://dongnai.gov.vn/en/news/Socio-Economic-information/vietnamese-enterprises-invest-in-steel-factory-with-1h-area-5499.html), 2023-04-28: "The investment in a new factory is a major turning point for the enterprise's development, helping to increase production capacity, store goods, stabilize the market and anticipate future development opportunities."

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