Vietnam: Hon Quan cement plant under consideration

Vietnam: Hon Quan cement plant under consideration
23 March 2016

ThaiGroup JSC, formerly known as Xuan Thanh Group Joint Stock Company, is considering construction of a cement plant  in Hin Quan, Vietnam. The investment would be approximately VND12trn (US$533.33m) in the southern province of Binh Phuoc.

The 4.5Mta Xuan Thanh Binh Phuoc cement plant would be built between  2016-20 as part of the plan to develop the country's cement industry by 2020.

According to Vu Hoang, deputy general director of ThaiGroup, the group has proposed the province’s People’s Committee to support site clearance for the first phase and grid network.

At present, ThaiGroup is promoting investment to develop the second phase of its 4.5Mta cement plant in the northern province of Ha Nam.

On 2 March, ThaiGroup signed an agreement worth US$1.2bn with UK-based Ores & Minerals UK Ltd to export a total volume of 20Mta of cement to South Africa within 10 years.

Published under Cement News