PVFC to Finance VND250B for Cement Project in Central Vietnam

PetroVietnam Finance Joint Stock Company (PVFC), the largest finance company in Vietnam, inked a deal to finance VND250 billion ($13.53 million) for 12-9 Anh Son Cement JSC to build a cement plant in the central province of Nghe An on Nov. 25.

Work on the plant capitalized VND814 billion started in Hoi Son commune, Anh Son district on Nov. 25, PVFC said on its website Thursday.

Once operated in the first quarter of 2011, the 15.7-ha facility will be capable of producing 550,000 tons of cement per year.

The plant’s products will be provided for PetroVietnam-invested Luongprabang hydropower plant project in Laos. (PVFC)

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Posted by VBN on Dec 1 2009. Filed under Cement. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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