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19 Aug 2008

Tata Steel forays into Vietnam

1. Tata Steel is venturing into Vietnam and is planning to build a 4.5 million tonne steel plant in Vietnam and same is estimated to cost US$5 billion. Its first phase will be ready by end of 2010 and will be related to cold rolling mill.

2. Vietnam Steel and Vietnam Cement Industries are partner in the said venture with Tata Steel. Share of Tata steel stands at 65%, Vietnam steel at 30% and Vietnam Cement 5%.

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