The project, the first and the biggest FDI (foreign direct investment) project so far in Quang Ninh province, is carried out in an area of over 40 hectares with the total investment capital of US$300 million.
Its annual production capacity is expected to reach around 140,000 tonnes, with 92,000 tonnes per year for phase 1 and 2 and 46,000 tonnes per years in phase 3.
The plant is scheduled to officially come into operation in the third quarter of 2013.
The investor said they will create up to 7,000 jobs for local people after completion.
(VNA)