President attends launch of largest southern cement plant

President attends launch of largest southern cement plant
Published: 30 December 2009

President Nguyen Minh Triet attended an inauguration ceremony December 28 for the Fico Cement Plant held by the Building Materials Corporation No.1 (FICO) in Tan Chau District in the southern province of Tay Ninh.

President Nguyen Minh Triet speaks at the inauguration ceremony of the FICO Cement Plant on December 28 in the southern province of Tay Ninh.

With total invested capital of VND3 trillion (US$157m), the plant is the biggest producer of cement and clinker in the southern region.

At the ceremony, President Triet presented the Independent Order of first class to the Building Materials Corporation No.1 under the Ministry of Construction.

Speaking at the ceremony, President Triet congratulated company staff saying they had achieved a good performance and deserved recognition.

Despite challenges, the project finished on schedule and is working effectively, he added, emphasising that it will also play an important role in boosting the local economy.

The plant is now operating after 25 months of construction, with a design capacity of 1.5Mt of cement a year in the first phase. It will double its current capacity in the second phase.

On the same day, President Triet met with cadres and soldiers in the province and offered gifts to veterans in Chau Thanh District.