In order to reduce the import of various types of steel pipes required for the production of oil and other industries, Vietnam Petroleum Pipe Production Co., Ltd. invested 2.175 billion VND to build Vietnam's first straight seam welded steel pipe plant.
On October 25, the project's contractor, Vietnam Petroleum Construction Corporation and the investor Vietnam Petrochemical Steel Pipe Production Co., Ltd. jointly held the start-up ceremony for the construction of the welded steel pipe plant. The steel pipe plant was built in the Qianjiang Petroleum Industrial Zone of Qianjiang Province, covering an area of 39.49 hectares with an annual output of 100,000 tons of steel pipes. The plant uses the Swiss advanced three-roller tube rolling machine production line to produce API5L standard steel tubes.
According to the person in charge of Vietnam Petroleum Pipe Production Co., Ltd., the project will be implemented in two phases. The products produced in the first phase will be supplied to the Lubemen Gas Project in Vietnam, the second phase of the South Kunshan Project and other natural gas and oil pipelines in Vietnam. construction project. It is expected to be officially put into operation in the third quarter of 2011. In the second phase, the plant plans to invest in replenishment molding equipment on the production line to provide various structural steel pipes for drilling platform manufacturing projects, refineries, thermal power plants and the oil and gas industry in Vietnam and other countries.
It is reported that the welded steel pipe plant will provide 170 jobs for the society after it is put into operation, and will pay a tax of 200 billion VND to the Vietnamese national treasury every year. In addition to supplying products, reducing imports and saving foreign exchange, the plant will also promote the joint development of the mining, processing, metallurgical, machinery, transportation and construction industries in Qianjiang, Vietnam, and further attract foreign investment to the Kyushu Petroleum Industrial Zone. Building a good foundation plays an important role in the social and economic development of Qianjiang Province.