JBIC provides export credit to Vietnamese cement company

JBIC provides export credit to Vietnamese cement company
Published: 24 October 2006

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.