HTVB/Shougang/Chinaco – Kemaman Eastern Steel Complex – Terengganu - Project Profile
"HTVB/Shougang/Chinaco – Kemaman Eastern Steel Complex – Terengganu - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Hiap Teck Venture Bhd (HTVB), Shougang Group (Shougang) and Chinaco Investment Ltd (Chinaco) joint venture is undertaking the construction of a steel complex in Kemaman district, Terengganu, Malaysia.
The project involves the construction of a steel manufacturing plant with a capacity of 3 million tonnes per annum (MTPA). It is being implemented in two stages.
The first stage includes the construction of a blast furnace with a capacity of producing 700,000 tonnes per annum (TPA) of steel slabs and 350,000TPA of coke, and the second stage includes the construction of another blast furnace with a capacity of 1.5MTPA of steel slabs and 700,000MTPA of coke.
It also includes the construction of a manufacturing unit, a distribution unit, administrative office and warehouses, and the installation of safety and security systems.
In July 2011, HTVB entered into a construction contract with China Shougang International Trade and Engineering Corp ( a subsidiary company of Shougang Group) for the first stage.
In December 2011, construction work on the first stage commenced.
In May 2013, HTVB received US$46.5 million funding from the Malaysia government and Bank Pembangunan Malaysia Bhd.
In February 2015, 700,000TPA of the slab was commissioned.
The project involves the construction of a steel manufacturing plant with a capacity of 3MMTPA at Teluk Kalung in Kemaman, Kemaman district, Terengganu, Malaysia.
The US$574 million project includes the following:
1. Construction of a manufacturing unit
2. Construction of a distribution unit
3. Construction of administrative office
4. Construction of warehouses
5. Installation of safety and security systemsReasons To Buy