Sweden's Assab Pacific Group officially opened the Assab Vietnam Steel Plant in Bien Hoa City's Amata Industrial Park, the southern province of Dong Nai.
The company is equipped with modern production lines that meet international standards with an initial design capacity of 400 tonnes per year. The project was granted a license in October 2012.

Assab aims to become the leading foreign distributor of quality steel tools and services in Vietnam.

The firm specialises in manufacturing tool steel for blanking and forming of materials, die casting, extrusion and plastic moulding in cold conditions.-VNA