Construction Begins on Shipbuilding and Repair Factories

Tuesday, January 29, 2008
The Pha Rung Shipbuilding Industrial Company, a member of the Vietnam Shipbuilding Industrial Economic Group (VINASHIN), on January 27 launched the construction of three shipbuilding and repair factories which are considered to be the biggest in Vietnam so far. The launching ceremony was organised in Dong Bai Industrial Complex in Yen Hung district, Quang Ninh province These include the Yen Hung Shipbuilding Factory, the Sea Ship Repairing Factory in Yen Hung Supporting Industry Complex and the Pha Rung VINASHIN-MAN Engine Manufacturing Factory.

Total cost for construction of the three factories is put at VND 4.5 trillion. According to Mr Nguyen Van Hoc, General Director of the Pha Rung Shipbuilding Industrial Company, with the construction of the Pha Rung VINASHIN-MAN Engine Manufacturing Factory, Vietnam will become the fourth country in the world to manufacture sea ship engines. Total investment for this factory is nearly VND 1.5 trillion. It is built on a total area of 57 hectares. Upon its completion, the factory will meet the essential demands for engines for newly-built ships of the sector, helping increase the localisation rate. As scheduled, the factory will be installed with modern equipment in order to be capable of manufacturing and installing engines for cargo vessels of 175,000 DWT under a transfer contract signed between VINASHIN and MAN B&M of Danmark. The factory is expected to start operation once the fisrt phase of construction is completed in June 2009. After that, the Pha Rung company will continue to invest in the second and third phases of the project to increase installing capacity and manufacture engines of bigger capacity as well as parts to gradually increase localisation ratio.

The Yen Hung Shipyard has a total investment capital of over VND 1.45 trillion. It is built on 200 hectares in Hiep Hoa commune, Yen Hung district. Upon its completion, the factory will be able to build 10-16 ships of up to 150,000 DWT each. The factory is slated to be put into operation in early 2012. The 180 hectare ship repairing factory in Yen Hung Industrial Complex has a total investment capital of over VND 1.48 trillion. The factory is designed to be able to repair 20-40 ships of 50,000 DWT each a year. Upon their completion, the three factories will provide jobs for 15-20,000 workers. Source: Nhan Dan Online

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