Sumitomo Corp. to Launch No.2 Steel Processing Plant Near Hanoi

Sumitomo Corporation’s Vietnamese steel processing center, Honoi Steel Center completes the working to build the second plant in near Hanoi in the year. The firm expands the operation to serve higher local demand when the first plant operates at full capacity. The firm starts the second operation with a large slitter expanding the operation gradually. The center started the operation in August 2003. The first plant has 2 large slitters, a large leveler, a mini-slitter and a mini-leveler. The processing capacity is monthly 8,000 tonnes. The firm provides hot rolled, cold rolled, electro-galvanizing, hot dip galvanizing, electrical and stainless steel for transplants of Japanese appliances and automakers.