JBIC provides export credit to Vietnamese cement company
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement totalling up to EUR74m with Butson Cement Joint Stock Company (BUSUCO) in Vietnam. The loan is co-financed with Societe Generale Tokyo Branch (agent bank) with the Vietnamese government providing a guarantee.
The loan will finance the exporting of construction equipment by Japan’s Kawasaki Plant Systems Ltd, a Kawakasi Heavy Industries Group company for a new BUSOCO cement plant in Ha Nam, northern Vietnam. With an annual production capacity of 1.4Mt the plant will help to meet the growing domestic demand for cement in Vietnam.
Published under Cement News
