Swiss cement in Vietnam

Mon, 23 Oct 1995, 00:00 WIB | Source: AFP

HANOI (AFP): Morning Star Cement Ltd. signed agreements for
loans worth US$186.6 million Saturday to build a cement plant in
southern Vietnam with an annual capacity of 1.76 million tons,
company officials said.

Funds for the plant have come from the International Finance
Corp., the private sector investment arm of the World Bank,
Japanese trading house Nissho Iwai and the Export-Import Bank of
Thailand.

Morning Star Cement is a joint venture between Holderbank
Financiere Glaris Ltd. of Switzerland and Ha Tien I Cement Corp.,
a state-owned firm that is part of the Vietnam National Cement
Corp. conglomerate.

Holderbank, one of the world's largest cement producers, will
build a clinker plant in Kien Giang province and a grinding
center near Ho Chi Minh City with a total investment of $309
million.

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