Two Vietnam cement makers to merge

Two Vietnam cement makers to merge
03 September 2008

A contract on merging Cotec cement plant, an affiliate of Construction and Construction Material Joint Stock Company (Cotec), and Holcim Vietnam Cement Joint Venture (Holcim) will be signed September 3.
Bao Viet Securities Joint Stock Company is the sole consultant for the contract that will become one among the biggest merger and acquisition (M&A) contracts consulted by a domestic company.
Cotec cement plant, built in 2001, is the most important member of Cotec. The plant’s capacity has been doubled to 1Mt a year now from the initial 500,000t.
Meanwhile, Holcim Vietnam, a joint venture between Holcim Group and Ha Tien 1 cement company, has an investment capital of $440m and lifespan of 50 years.
Published under Cement News