Chinese Enterprises Invested USD16m in Vietnam to Build Tungsten Alloy Works
As reported by Vietnam News Agency, on Dec.30th 2006, the Administrative Committee of Industrial Area in Quang Ninh Province, Vietnam issued an investment license to Vietnam Youngsun Tungsten Ltd. The company was jointly funded by China Chaoyang Tungsten Ltd. and Guangxi Wujing Industry & Trade Ltd., and constructed at Gailin Industrial Area of Quang Ninh as a wholly Chinese invested company to produce tungsten alloy. The designed annual production capacity was between 3000 to 3500 tons with products to be exported.
posted by china @ 2:11 PM
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