Laos Steel Co., Ltd held by Kunming Iron & Steel Holdings Ltd officially launched the first phase of 500,000 Tons Steel Project. The construction ceremony was held in Vientiane on April 24, 2010. Laos Steel Co., Ltd. was established in 2007. With a registered capital of 20 million U.S. Dollars, Laos Steel Co.was jointly sponsored by Kunming Iron & Steel Holdings Ltd and CK Import & Export Co., Ltd. of Laos. The investment of Kunming Iron & Steel Holdings Ltd accounts for 70% and CK invested 30%. The estimated investment in the first phase of the project is 118 million U.S.dollars and the production design capacity is 200,000 tons. The completion of this project will fill the gap of the steel industry of Laos.