Semen Indonesia eyes Than Long expansion project, Vietnam

Semen Indonesia eyes Than Long expansion project, Vietnam
13 November 2014

Semen Indonesia is reportedly preparing to double capacity of the Thang Long Cement Plant in Vietnam with the construction of a second line, according to local news reports.

Indonesia’s largest cement producer acquired a 70 per cent stake in the Vietnamese cement works back in 2012. Its 2.3Mta cement works is situated in the northeastern province of Quang Ninh’s Hoanh Bo district and located near to the Cai Lan deepwater port.

The acquisition has since proved fruitful for Semen Indonesia as Thang Long Cement has now grown into a major cement supplier for northeastern localities, while retaining a stable export market and a solid position in the domestic cement industry. Its products were exported to Indonesia, Singapore and some countries in the Middle East. Early this month, the Philippines became the company’s latest output market when it imported 4000t of cement.

Last year, when the domestic demand remained muted, Thang Long Cement reported it had continued to operate at full capacity thanks to stable local and export demand and head of the company’s administrative and human resource department Nguyen Van Quang said that the company’s entire annual output had been sold.

The Thang Long 2 Cement project is on the list of projects approved by Vietnam’s prime minister in 2011 for investment during the 2016-2020 period and features in the country’s sectoral master plan. (Source: Veitnam News Brief Service)

Published under Cement News