Summary of Proposed Investment
Project Number
5135
Company Name
Vina Kyoei Steel Limited
Date SPI Disclosed
Jun 13, 1995
Country
Viet Nam
Industry
Manufacturing
Status
Completed
Sector
Re-Rolling and Drawing of Purchased Steel
Department
Regional Industry - MAS Asia & Pac
Environmental Category
B - Limited
Previous Events
Approved : Nov 2, 1995
Signed : Nov 8, 1995
Invested : Nov 29, 1995
Project Description
Summary Of Project Information (SPI)
| Project Name | Vietnam-Vina Kyoei Steel Limited |
| Region | Asia |
Sector
Project No005135
Projected Board DateJuly 18, 1995
Company NameVina Kyoei Steel Limited
Technical Partner and/or Major Shareholders
Kyoei Steel Limited, Japan
Vietnam Steel Corporation
Project Cost Including proposed IFC investment
Project Cost : US$70.8 million - IFC “A” Loan : US$15 million
Location of project and Description of site
The project will be located in Phu-my village in Baria Vung Tao province in southern Vietnam.
The project is located in an area with increasing industrial activity. The government of Vietnam is planning to construct a power plant near the project site.
Description of Company and Purpose of Project
Vina Kyoei Steel is a joint venture between Japanese and Vietnamese partners to construct a 300,000 tpa steel re-rolling mill to produce reinforcing bars primarily for the domestic market.
Environmental Category and Issues
This is a category B project according to IFC''s environmental review procedure. Environmental and occupational and health issues associated with this project include site location, air emissions, liquid effluents, solid wastes, occupational health and safety and environmental policy. The project site is located within a classified industrial zone. VKS will use low sulfur fuel to keep sulfur dioxide and nitrogen dioxide emissions below 410 mg/scm and 310 mg/scm respectively. The facility will have extensive ventilator duct coverage to avoid dust problems in the working environment. Cooling water will be recirculated in a closed system. Sanitary wastewater will be treated to comply with local requirements and World Bank guidelines. The re-rolling process results in formation of iron oxide scales, which will be deposited on-site. VKS will provide employees with all necessary personal protective equipment and a safety section including an emergency room with personnel will be available at the plant. A written environmental policy is under preparation and will be ready before start-up of the plant. IFC will ensure ongoing compliance with World Bank guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC by VKS and by conducting periodic supervision
The is June 30, 1995 from the Public Information Center.
| Host country location of environmental documents | Ho Chi Minh City Viet Nam |
Date SPI sent to PIC June 13, 1995
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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