the upgrading and expansion of Ha Bac Nitrogen Fertilizers Plant in
Hanoi on October 5.
The contractors include Ngu
Hoan Science, Technology Joint Stock Limited Company, China Machinery
Import-Export Company and Vietnam Chemical Industry Design Joint Stock
Company.
According to Nguyen Anh Dung, the company’s
Director General, the 42-month project will be carried out at a cost of
373 million USD, part of which will come from the Vietnam Development
Bank and several commercial banks.
The plant’s
headquarters, along with branches located in Tho Xuong Ward, Bac Giang
City and Xuan Huong commune, Lang Giang district, Bac Giang province
will be upgraded and expanded, using modern eco-friendly and
energy-saving technologies from the Netherlands, Germany and Italy, he
said.
Once the Engineering, Procurement and
Construction (EPC) contract becomes effective, the plant’s annual
capacity will increase from 180,000 tonnes to 500,000 tonnes of urea,
better meeting the demands of the agricultural sector and export
markets, Dung noted.
At the signing ceremony, Deputy
Minister of Industry and Trade Nguyen Nam Hai underlined the
significance of the project, calling on Vietnam Chemicals Group to
partner with banks to ensure a prompt disbursement process./.
