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The Resources Co Ltd to set up joint venture in Vietnam


Sunday, 15 Dec 2013 08:22pm EST 

The Resources Co Ltd:Says to set up a joint venture namely VNS-DAEWOO Co., Ltd. with Daewoo International, Vietnam Steel Corporation and Ho Chi Minh City Metal Corporation, in Vietnam.Says the company's investment of $1,000,000 (1,053,100,000 won) for the establishment, to hold a 10 pct stake.Says VNS-DAEWOO Co., Ltd. will be engaged in the supply of scrap for steel plant and the operation of scrap processing equipment and yard in Vietnam.Says VNS-DAEWOO Co., Ltd. to be established by Jan. 16, 2014. 

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