Tay Ninh Fico Cement Joint Stock Co has introduced a new cement product in Ho Chi Minh City under the brand name of Fico, the company announced.
The new product is produced by the Fico cement plant in Hiep Phuoc Industrial Zone which has a capacity of 500,000 tonnes per year. The factory’s productivity would later be raised to 700-800,000 tonnes per year, said a company representative.
The company has also begun construction on its Tay Ninh cement plant with an annual capacity of 1.5 million tonnes. It is being built at a cost of US$178 million and is slated for completion by the end of 2008. - VNS