Siemens to build four casting plants in Vietnam

Siemens to build four casting plants in Vietnam

German engineering group Siemens (ETR:SIE) has landed an order from Taiwan's Formosa Heavy Industries Co. to provide four continuous casting plants for an under-construction steel mill in the Ha Tinh province in Vietnam.
The four plants, which are expected to start operations in mid-2015, will have a combined capacity of 8.4 million tonnes per year.
The contract volume stands in the upper double-digit million euro range. Vietnam casting