Cement plant in Vietnam

Cement plant in Vietnam

HANOI (AFP): A Taiwanese company, Lucky Cement, is to build a
joint venture 265 million dollar cement plant in the Northern
province of Hai Hung, an official said.

Lucky Cement is to hold a 65 percent stake in the joint
venture licensed last week with the Hai Hung Cement Co. and the
Hai Hung Industrial and Commercial Bank, a bank official told
AFP.

The venture would build a cement plant in the Phuc Son area in
Kim Mon district which was planned to come to operations by 1999,
the official said, adding that the plant would have a designed
capacity of 1.8-to-2.0 million tons of cement a year.

Foreign investors are participating in five cement projects
worth a total US$1.165 billion in Vietnam with a total designed
capacity of 7.7 million tons a year.