Vietinbank branch funds production of cement plant

Vietinbank-Ninh Binh branch has committed to fund the production line 1 of He Duong cement plant, according to the credit support agreement signed in Hanoi on September 20 between the bank branch and He Duong Cement Joint Stock Co.

Production line 1 of He Duong plant has a total investment capital of three trillion dong invested by Taiwan’s Lucky Cement Corp-one of the world’s largest cement maker in terms of financial strength, business and prediction experience.

In Vietnam, Lucky group built the production line 1 of Phuc Son cement plant in Hai Duong province and plans to invest in the second one by the year end, bringing total production capacity of the cement unit to 3.6 million tonnes a year.

Tags: Vietnam business news, Vietnam cement industry

Posted by VBN on Sep 22 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